M/S. Domco Smokeless Fuels Pvt. Ltd. vs The State Of Jharkhand
Judges (2)
Case Significance
M/S. Domco Smokeless Fuels Pvt. Ltd. vs The State Of Jharkhand is a Supreme Court of India decision dated February 22, 2024 (citation: insc-2024-133). A coal consumer sought refund of excess price paid over the notified price in e-auctions conducted by the respondent coal company. The Supreme Court directed the respondent to pay interest at 12% per annum on the refund amount (instead of the 3.5% bank rate already applied) for the period January 2005 to December 2005, and also directed refund with 12% interest for January 2007 to March 2008, to be paid within two months. The bench comprised Justices B.R. Gavai and Sandeep Mehta. The judgment was delivered by Justice Sandeep Mehta.
Summary
A coal consumer sought refund of excess price paid over the notified price in e-auctions conducted by the respondent coal company. The Supreme Court directed the respondent to pay interest at 12% per annum on the refund amount (instead of the 3.5% bank rate already applied) for the period January 2005 to December 2005, and also directed refund with 12% interest for January 2007 to March 2008, to be paid within two months.
What was the outcome of M/S. Domco Smokeless Fuels Pvt. Ltd. vs The State Of Jharkhand?
A coal consumer sought refund of excess price paid over the notified price in e-auctions conducted by the respondent coal company. The Supreme Court directed the respondent to pay interest at 12% per ...
Judgment
Read the full judgment on the official India Courts portal.
Read on Indian KanoonSource: Indian Kanoon (insc-2024-133)