Alembic Chemical Works Co. Ltd. v. Mega Chemelec Industries Ltd.
Case brief
What is this about?
This judgment decrees a summary suit where defendants failed to deposit security to defend within the stipulated time. Relief granted includes nine percent annual interest from suit date.
What did the court decide?
Suit decreed with interest at 9% per annum from date of suit until payment or realization and refund of court fees.