SHREE CHANDRASHEKHAR, RATNAKER BHENGRA
State of Jharkhand through the Secretary, Industries Department – Appellant
Versus
Satyam Ferro-Tech(P) Ltd – Respondent
ORDER :
Shree Chandrashekhar, J.
W.P.(C) No.2129 of 2010 was filed by M/s Satyam Ferro-Tech (P) Ltd. (hereinafter referred to as “the Company”) for payment of interest subsidy for the financial years 2006-07, 2007-08 and 2008-09 with interest at the rate of 18% per annum on the accumulated amount of interest subsidy from due date.
2. By filing an interlocutory application for amendment vide I.A No.4090 of 2010 further prayer touching upon validity of Rule 4.3(Gha) of the Jharkhand Industrial Incentive Rules, 2003 was sought to be challenged, the averments in respect of which are contained in paragraph nos.36A to 36E of the said application.
3. Rule 4.3(Gha) of the Jharkhand Industrial Incentive Rules, 2003 is extracted below :
?k & le; lhek
1- bPNqd bdkbZ;ksa dks lHkh n`f"Vdks.k ls iw.kZ okafNr dkxtkrks ds lkFk vius nkos fdlh foRrh; lky dh lekfIr ds N% ekg ds Hkhrj lefiZr djuk vfuok;Z gksxkA
2- 6 ¼N%½ ekg ls vf/kd dh vof/k dks {kkUr djus dh 'kfDr m|ksx funs'kd esa fufgr gksxhA blls vf/kd ds le; lhek dks {kkUr djus dh 'kfDr lfpo m|ksx esa fufgr gksxhA**
English Translation:
“4.3 Interest Subsidy:
Gha - Time limit
1. The interested units must submit their claim along with enti
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