NARAIN COLD STORAGE & ALLIED IND.PVT.LTD vs M/S. DELHI FINANCE CORPORATION — SLP(C) No. 13518 - 13519/2000

Case under Section I-B. Status: Disposed.

Disposed

CNR: SCIN010122992000

Filing Date

26-Jul-2000

Registration No

SLP(C) No. 13518 - 13519/2000

Diary Number

12299/2000

Order Date

24-Nov-2000

Document Type

ROP - of Main Case

Disposal Type

Dismissed

Last updated 05-Jun-2026

Acts & Sections

Section I-B

Petitioner(s)

  1. 1.NARAIN COLD STORAGE & ALLIED IND.PVT.LTD

    Adv. K. K. MOHAN

Respondent(s)

  1. 1.M/S. DELHI FINANCE CORPORATION

    Adv. D. MAHESH BABU

Case History

  1. Case disposedDisposed

  2. 24-Nov-2000

    ROP - of Main CaseView PDF

  3. 26-Jul-2000

    Case filed

    Registration No. SLP(C) No. 13518 - 13519/2000

View Full Judgment
casestatus.in Summary

Summary: The Supreme Court dismissed Narain Cold Storage's Special Leave Petition challenging the High Court's decision on 24 November 2000. The dispute concerned whether Delhi Finance Corporation correctly charged compound interest (14% per annum, debited every six months) under a 1977 compromise agreement, or whether only simple interest was contractually due. The Court upheld compound interest charging, finding that the Corporation had consistently debited compound interest for over 10 years without objection from the petitioner (a commercial entity presumed aware of account maintenance practices), and the petitioner never complained despite receiving regular statements and income tax records. This case analysis is maintained by casestatus.in based on publicly available court records.

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