(1.) Leave granted.
(2.) The second respondent, M/s S R Technologies (Unit II), which is governed by the provisions of the Micro Small and Medium Enterprises Development Act 2006 ["MSMED Act"], filed a claim before the Micro and Small Enterprises Facilitation Council, Medchal - Malkajgiri.
(3.) On 28/10/2021, the Facilitation Council decreed the claim in the principal sum of Rs.40,29,862,.00 on which interest with monthly rests at three times the bank rate prevailing as on the date of the award was granted under Sec. 16 from the appointed day till final payment.