P. RAMANATHAN vs THE NATIONAL SMALL INDS.CORPN.LTD. — SLP(C) No. 6336/1999

Case Summary: P. Ramanathan v. National Small Industries Corporation Ltd. Outcome: The Supreme Court disposed of the petitions on 25/07/2001 by directing a structured payment and machinery release arrangement. The petitioner must deposit Rs. 1 lakh within three months, after which the respondent shall hand over the machinery within two weeks. The remaining balance shall be paid in 10 equal monthly instalments, with the first due one month after the initial deposit. Key Conditions: If the petitioner defaults on any payment, the respondent may seize and sell the machinery. The petitioner must provide an undertaking not to dispose of the machinery until full payment is made. This case analysis is maintained by casestatus.in based on publicly available court records.