M/S. OM PARKASH GITA DEVI & CO. . vs FOOD CORPN. OF INDIA — C.A. No. 6956 - 6959/2000

Case Summary: M/S. OM PARKASH GITA DEVI & CO. v. FOOD CORPORATION OF INDIA The Supreme Court heard four appeals concerning interest rates on rent arrears for four godowns. The appellant had constructed godowns with bank financing; after FCI prematurely terminated the lease, an arbitrator awarded rent arrears with 18% interest. The High Court reduced the interest to 6%. The Supreme Court allowed the appeals and modified the rate to 12% per annum, finding this more equitable given the circumstances while noting that though the appellant bore the bank's higher interest burden, the lease transaction itself was not purely commercial. No costs were awarded. This case analysis is maintained by casestatus.in based on publicly available court records.