M/s.Black Bum Fuels Pvt.Ltd. v. M/s.Ind Bharath Thermal Power
Case brief
What is this about?
Money suit for recovery of funds from coal transactions. Court affirmed jurisdiction as defendant carries business in Chennai. Claim of excessive amount disproved; reduced liability to reconciled figure of Rs.12,42,27,000 with 11% interest.
What did the court decide?
Suit allowed for principal sum of Rs.12,42,27,000 plus interest at 11% p.a. till realization; claim for higher amount dismissed.