Case Details

  • Case Name / Reference: Petition for Special Leave to Appeal (C) No(s). 14428/2026, arising out of impugned judgment and order dated 30-03-2026 in APO No. 10/2025 of the High Court at Calcutta.
  • Court / Authority: Supreme Court of India.
  • Order / Hearing Date: 20-05-2026 (matter called for hearing).
  • Period of Dispute / Violation: Not specified in the order.

Parties Involved

  • Petitioner: Hindustan Steelworks Construction Limited.
  • Respondent: M/s. Narmada Equipment and Spares Co.
  • Petitioner Counsel: Senior Advocate Nachiketa Joshi, AOR Shantanu Krishna, Advocates Anant Prakash, Ankit Mishra, Sai Shashank, Vaishnavi Srivastata.
  • Respondent Counsel: Senior Advocate Sabyasachi Choudhary, Advocates Sanjiv Dawn, Shounak Mukhopadhyay, AOR Sarad Kumar Singhania, Advocate Yash Singhania.
  • Registrar (Assistant): Anita Malhotra (signature noted, not verified).

Issues / Allegations / Violations

  • The petitioner’s claim is limited to interest; the principal amount is in dispute.
  • The petitioner is required to deposit the full principal amount before interest can be adjudicated.
  • The petitioner alleges that 75% of the principal has already been deposited.

Findings & Observations

  • The Court accepts the petitioner’s assertion that 75% of the principal amount has been deposited.
  • No substantive discussion on the merit of the interest claim is provided; the focus is on ensuring full principal deposit.

Penalties / Settlements / Directions

1. The petitioner must deposit the remaining 25% of the principal amount with the Registrar, Original Side, High Court at Calcutta within four weeks from the date of the order.

2. Upon receipt of the full 100% principal amount, the entire principal shall be disbursed to the respondent.

3. The Court directs that a notice be issued regarding the calculation of interest.

4. A stay is imposed on the execution of the interest component until further notice.

Corrective Actions & Future Obligations

  • Deposit the outstanding 25% of principal within the stipulated four‑week period.
  • Await issuance of the notice on interest calculation before any interest‑related execution can proceed.
  • Comply with the stay order on interest execution.

Final Ruling & Enforcement

  • The order is enforceable immediately; failure to deposit the remaining principal within the specified timeframe may result in further judicial action.
  • The stay on interest execution remains in effect pending the Court’s subsequent directions on interest calculation.