LAWS(SC)-2010-1-97

SNEHADEEP STRUCTURES PRIVATE LIMITED Vs. MAHARASHTRA SMALL SCALE INDUSTRIES DEVELOPMENT CORPORATION LIMITED

Decided On January 05, 2010
SNEHADEEP STRUCTURES PRIVATE LIMITED Appellant
V/S
MAHARASHTRA SMALL SCALE INDUSTRIES DEVELOPMENT CORPORATION LIMITED Respondents

JUDGEMENT

(1.) Leave granted.

(2.) This appeal by Special Leave arises from a judgment and order dated 5th of February, 2008 of the High Court of Bombay in Appeal No. 485 of 2006 whereby the Division Bench of the High Court had set aside the order dated 25th of January, 2006 of the learned Single Judge of the same High Court dismissing an Arbitration Petition being Arbitration Petition No. 499/2003 filed by the respondents.

(3.) The crucial question that arises for our consideration is with respect to the interpretation of the term 'appeal' appearing in Section 7 of the Interest on Delayed Payments to Small Scale and Ancillary Undertakings Act, 1993 (hereinafter referred to as 'the Interest Act').