SOLIDAIRE INDIA LTD. vs FAIRGROWTH FINANCIAL SERVICES LTD. — C.A. No. 3760/1995

Case under Section III. Status: Disposed.

Disposed

CNR: SCIN010045071995

Filing Date

01-Jan-1900

Registration No

C.A. No. 3760/1995

Diary Number

4507/1995

Order Date

07-Feb-2001

Document Type

Judgment - of Main Case

Disposal Type

Dismissed

Last updated 01-Jun-2026

Acts & Sections

Section III

Petitioner(s)

  1. 1.SOLIDAIRE INDIA LTD.

    Adv. ARPUTHAM ARUNA AND CO

Respondent(s)

  1. 1.FAIRGROWTH FINANCIAL SERVICES LTD.

Case History

  1. Case disposedDisposed

  2. 07-Feb-2001

    Judgment - of Main CaseView PDF

  3. 07-Feb-2001

    ROP - of Main CaseView PDF

  4. 01-Jan-1900

    Case filed

    Registration No. C.A. No. 3760/1995

View Full Judgment
casestatus.in Summary

Case Summary: Solidaire India Ltd. v. Fairgrowth Financial Services Ltd. The Supreme Court upheld the Special Court's award of interest at 21.5-23% on Rs. 1 crore in loans, rejecting Solidaire's claim that only 18% was agreed upon. Finding no documentary refutation of the higher interest rates claimed by Fairgrowth, the court held the Special Court justified in accepting the respondent's claim. The Court also ruled that the Special Court Act, 1992 (being later legislation with an overriding clause) prevails over the Sick Industrial Companies Act, 1985, permitting recovery proceedings against sick companies. The appeal was dismissed with costs. This case analysis is maintained by casestatus.in based on publicly available court records.

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