DAKSHIN HARYANA BIJLI VITRAN NIGAM LTD. vs M/S. PARAMOUNT POLYMERS PVT.LTD. — C.A. No. 4574/2006

Summary: In this modification application (IA 3/2006) to Civil Appeal 4574/2006, Paramount Polymers sought to reduce the payment obligation from Rs. 25 lakhs to Rs. 10 lakhs, citing financial hardship. The Supreme Court rejected the reduction but modified the payment terms, requiring Paramount to deposit Rs. 20 lakhs in four equal monthly installments of Rs. 5 lakhs each, with the first installment due by 01/01/2007 and subsequent ones on the first of each following month; an immediate draft of Rs. 5 lakhs was handed over to the appellant's counsel. The application was disposed of with these modifications. This case analysis is maintained by casestatus.in based on publicly available court records.