https://www.taxtmi.com/caselaws?id=128042 Unconditional receipt of the principal amount in full discharge leaves no surviving substantive claim for interest alone under the Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993. The court read the statutory scheme as requiring an existing amount due as the basis for recovery, so a suit confined only to interest was not maintainable after the principal had been paid and accepted without protest. The Act was also treated as prospective and was held not to revive claims that had already been settled or discharged before its commencement. en-us Thu, 05 Apr 2001 00:00:00 +0530 Thu, 17 Oct 2013 16:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128042 Unconditional receipt of the principal amount in full discharge leaves no surviving substantive claim for interest alone under the Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993. The court read the statutory scheme as requiring an existing amount due as the basis for recovery, so a suit confined only to interest was not maintainable after the principal had been paid and accepted without protest. The Act was also treated as prospective and was held not to revive claims that had already been settled or discharged before its commencement. Case-Laws Companies Law Thu, 05 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128042