N.E.Reg. Agricultural Mktg. Corpn. Ltd. v. Sobhagya Mull Singhvi
Case brief
What is this about?
Money suit decree modification: North Eastern Regional Agricultural Marketing Corporation Ltd v. Sobhagya Mull Singhvi (legal heirs substituted), F.A. 162 of 2004, disposed 20.02.2026. Unpaid advertising bills Sept 1988 - Sept 1989; principal Rs.12,62,430.85p upheld; Managing Director's authority to confirm dues disputed; DW-2 Estate Manager admission; pendente lite interest fixed at 10% per annum simple from filing of suit till decree dated 08.05.2002; interest on judgment at 7% per annum till payment; absence of notice under the Interest Act and of contractual interest; substitution of legal heirs and setting aside of abatement; no costs.
What did the court decide?
First appeal disposed of with the impugned judgment and decree modified to a limited extent: appellant to pay principal of Rs.12,62,430.85p with 10% per annum simple interest from the date of filing of the suit till the decree dated 8th May, 2002, and interest on judgment at 7% per annum from the date of decree till actual payment; CAN 5 of 2019 allowed, legal heirs substituted for the deceased respondent and abatement set aside; connected applications disposed of; no order as to costs.