https://www.taxtmi.com/caselaws?id=175653 Conflicting Constitution Bench decisions on the State's power to fix the State Advised Price created a recurring constitutional issue, so the controversy was referred to a larger Bench for authoritative resolution. Pending that determination, sugar factories were directed to pay the outstanding principal to cane growers or cooperative societies at the State Advised Price for the relevant crushing seasons, without prejudice to their challenge to legislative competence. The existing stay orders were modified or vacated to that extent, and delayed payment would attract interest at 18% per annum after the stipulated time. en-us Tue, 17 Jan 2012 00:00:00 +0530 Tue, 01 Dec 2015 20:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175653 Conflicting Constitution Bench decisions on the State's power to fix the State Advised Price created a recurring constitutional issue, so the controversy was referred to a larger Bench for authoritative resolution. Pending that determination, sugar factories were directed to pay the outstanding principal to cane growers or cooperative societies at the State Advised Price for the relevant crushing seasons, without prejudice to their challenge to legislative competence. The existing stay orders were modified or vacated to that extent, and delayed payment would attract interest at 18% per annum after the stipulated time. Case-Laws Indian Laws Tue, 17 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175653