LORDS CHLORO ALKALI LTD. VS STATE OF RAJASTHAN
- Court
- Rajasthan High Court
- Bench
- Jaipur
- Date
- 6 Mar 2026
- Citation / case number
- SAW / 64 / 2026
Summary
Appel. challenged RIICO's demand for recovery of the Interest Free Sales Tax Loan contrary to a sanctioned BIFR Rehabilitation Scheme. HELD-A Rehabilitation Scheme sanctioned under Sec 18 & 19 of SICA, attaining finality, binds the State Govt, RIICO & all stakeholders. Silence of the State amounts to acquiescence & deemed consent. The Scheme cannot be denied on alleged delay where the beneficiary was ready to perform but the respondents refused payment
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