ASSAM SMALL SCALE IND.DEV.CORP.L . vs M/S. J.D. PHARMACEUTICAL . — R.P.(C) No. 254/2007

Case Summary: R.P.(C) No. 000254 / 2007 On 16 July 2007, the Supreme Court allowed Assam Small Scale Industries Development Corporation's review petition challenging its own judgment dated 7 October 2005. The Court condoned the delay in filing and partially modified the earlier judgment by deleting the specified compound interest rate of 23.5% per annum from paragraph 40, instead clarifying that interest would be calculated under the 1993 Act rates for transactions from 23 September 1992 to 10 August 1998, and thereafter under Section 4 of Act No. 23 of 1998. No costs were awarded. This case analysis is maintained by casestatus.in based on publicly available court records.