APEX ENGG.PVT.LTD. . vs FAIRGROWTH FINANCIAL SERVICES LTD. — C.A. No. 600/2000

Case under Section III. Status: Disposed.

Disposed

CNR: SCIN010006732000

Filing Date

10-Jan-2000

Registration No

C.A. No. 600/2000

Diary Number

673/2000

Order Date

12-Sep-2001

Document Type

ROP - of Main Case

Disposal Type

Dismissed

Last updated 29-May-2026

Acts & Sections

Section III

Petitioner(s)

  1. 1.APEX ENGG.PVT.LTD. .

    Adv. V. D. KHANNA (Dead / Retired / Elevated)

Respondent(s)

  1. 1.FAIRGROWTH FINANCIAL SERVICES LTD.

    Adv. A. SUBBA RAO (Dead / Retired / Elevated)

Case History

  1. Case disposedDisposed

  2. 12-Sep-2001

    ROP - of Main CaseView PDF

  3. 10-Jan-2000

    Case filed

    Registration No. C.A. No. 600/2000

View Full Judgment
casestatus.in Summary

Summary: C.A. No. 600/2000 - Apex Engg. Pvt. Ltd. v. Fairgrowth Financial Services Ltd. The Supreme Court modified the Special Court's decree in a hire-purchase dispute over wheel loaders. While Apex Engineering had paid the full contractual amount of Rs. 56.21 lakhs (albeit with a 4-5 year delay), the Special Court had also awarded Rs. 86.54 lakhs in penal interest. The Court held that Rs. 32.64 lakhs paid under interim orders should constitute full and final settlement, considering Apex's May 1992 complaint about design defects. Fairgrowth must transfer title of the loaders to Apex for Re. 1/-; bank guarantees and securities stand discharged. This case analysis is maintained by casestatus.in based on publicly available court records.

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