IN THE HIGH COURT OF JUDICATURE OF ANDHRA PRADESH AT HYDERABAD THURSDAY, THE TWENTIETH DAY OF SEPTEMBER TWO THOUSAND AND TWELVE :PRESENT: THE HON'BLE THE ACTING CHIEF JUSTICE PINAKI CHANDRA GHOSE WP.NOs:14771 & 15208 of 1994, 15217 of 2002; 15015, 15016 & 15017 of 2003; 9914, 9915 and 9916 of 2006; 6073, 6085 and 6127 of 2007; and 10836 of 2008 WP. NO. 14771 OF 2002: Between: M/s. Seshasai Plastic Industries, Shed No.1, Phase-III, IDA- Patancheru-502 319, Medak District, AP, being Rep. by its Managing Partner, Sri P.Prabhakara Rao, S/o. Late P.Suryanarayana Murthy, Hindu, R/o. H.No. 270/B/3RT, Sanjeeva Reddy Nagar, Hyderabad-500 038 ..... Petitioners AND 1. The Govt. of A.P., A.P. Secretariat, Hyderabad, being rep. by its Principal Secretary to Government, Industries & Commerce (PE Cell) Department 2. The A.P. State Financial Corporation, 5-9-194, Chirag Ali Lane, Hyderabad-1, being rep. by its Managing Director 3. The Manager, Sanga Reddy Branch, AP State Financial Corporation, Medak District 4. The Branch Manager, Andhra Bank, Sanathnagar Branch, Hyderabad-500 018 (R4 is deleted as per Court dt: 2018/05 in WPMP. NO. 23318 of 2005) .....Respondents Petition under Article 226 of the Constitution of India, praying that in the circumstances stated in the petition and the affidavit filed herein, the High Court may be pleased to issue a writ of certiorari or any other appropriate writ, order or direction in the nature of a writ calling for the records pertaining to the Notice No. 3787 dated: 8-12-1993 and the seizure effected vide panchanama dated: 2-8-1994 by the 3rd respondent and the letter No. 526/18/394, dated: 3-8-1994 issued by the 4th respondent effecting the seizure of the stocks hypothecated by the petitioner’s unit and set aside the same declaring them as illegal and arbitrary directing the implementation of the letter No. 867/PE Cell/92/9, dated: 20-6-1993 of the 1st respondent and further direct the 1st respondent forthwith to settle the claim of Rs. 340.11 lakhs due to the petitioner as on 31-10-1993 from the State Government in terms of Govt. memo No. 867/PE cell/92-9, dt: 30-6-1993 as borne out by the Government records which as calculated by the GM, DIC in his letter dated: 03-04-2001 become Rs. 9,97,41,645/- as 31-3-2001 with interest up to that date as per interest Delayed payment to small scale Industries Undertaking Act 1993 and 2nd and 4th respondents to implement the package of reliefs agreed in the Minutes of Consortium Meeting dt: 10- 11-1989 and 20-12-1997 duly implementing this Hon’ble Court interim orders dt; 7-11-1996 in WPMP. NO. 27628/1996 in WP. No. 14771/94 and also to release the balance amount laying with the 2nd respondent in the FDR with interest upto date after deducting the interim payment of Rs. 22,06,682 within 15 days in order to enable the unit to meet the margin Money for revival of petitioner unit and lifting the seizure effected by the 3rd and 4th respondents against the petitioner’s unit on 2-8-1994 and directing the 4th respondent to allow the operations of its OCC Account by the petitioner’s unit on the normal terms. (Prayer is amended as per Court orders dt: 31-1-2007 in WPMP. No. 22505 of 2006) Counsel for the Petitioner : SRI P.PRABHAKAR RAO, PARTY IN PERSON Counsel for the Respondent No.1 : GP FOR INDUSTRIES & COMMERCE Counsel for the Respondents No.2 & 3: SRI Y.N. LOHITA WP .NO:15208 of 1994 Between: M/s Diamond Plast Industries, Shed No.1/A. Phase-III, IDA Patencheru, Medak District, being rep. by its Managing Partner, Sri P.Suryanarayana Murthy S/o P.Krishna Murthy, R/o. 55/B(MIGH), Sanjeeva Reddy Nagar, Hyderabad-500 038 ..... Petitioner AND 1. The Govt. of A.P., A.P. Secretariat, Hyderabad, being rep. by its Principal Secretary to Government, Industries & Commerce (PE Cell) Department 2. The A.P. State Financial Corporation, 5-9-194, Chirag Ali Lane, Hyderabad-1, being rep. by its Managing Director 3. The Branch Manager, AP State Financial Corporation, Sangareddy, Medak District 4. The Branch Manager, Andhra Bank, Sanathnagar Branch, Hyderabad-500 018 5. Commissioner of Industries, Chirag Ali Lane, Hyderabad, being rep. by its Additional Director 6. Director, Small Industries Service Institute, Ministry of Industry, Govt. of India, Balanagar, X Cross Road, Hyderabda-500 037 .....Respondents Petition under Article 226 of the Constitution of India, praying that in the circumstances stated in the petition and the affidavit filed herein, the High Court may be pleased to 1) Issue writ of certiorari or any other appropriate order or direction in the nature of writ calling for the records pertaining to File No. 64/PE Cell/91 and File NO. 765/PE Cell/91 & File No. 867/PE Cell/92 of 1st respondent directing the respondent No.1 to pass his orders invoking its Government powers under Article 146-A of the Articles of Association of Hyderabad Allwyn Limited on the petitioner’s representation Lr. No. DPI/Govt. of AP/ 99/93, dt: 9-6-1994 prior to transfer and handing over of its company namely Allwyn Watch Limited Management to M/s BPL Limited (MOU Entered on 21-7- 1994) duly ascertaining the total conditional supplies of watch boxes and DHR & MHR (Import Substitutes) supplied by the petitioner and accepted by their company till date and what amount the petitioner is entitled as per the prices fixed by the Joint Team at the rate of Rs. 3.43 for watch boxes and Rs. 8.24 for DHR & MHR Vide its report dated: 2-7-87 approved by the Government as per the agreement made on 13-8-86 along with interest as per the Interest and delayed payments to Small Scale and Ancillary Industrial Undertakings Act, 1993 2) Issue a Writ of Certiorari or any other appropriate writ or order or direction to the Respondents to implement the report dt: 3-4-2001 of the General Manager, District Industries Center, Sangareddy and also for the subsequent supplies accepted by erst while Hyderabad Allwyn Ltd., thereafter on the basis of the prices fixed by Joint Inspection Team and revise the petitioner unit. 3) Issue a writ of certiorari or any other appropriate or order or direction in the nature of a writ calling for the records pertaining to the Notice No. APSFC/MR & R/Zone-II/YSR/1994-95, dt; 11-8-94 issued by third respondent and quash the same as illegal, arbitrary, unconstitutional. (prayer is amended as per Court order dt: 21-2-2007 in WPMP. No. 29656/2002) Counsel for the Petitioner : SRI P.PRABHAKAR RAO, PARTY IN PERSON Counsel for the Respondent No.1 : ADDL. ADVOCATE GENERAL Counsel for the Respondents No.2 & 3: SRI Y.N. LOHITA Counsel for the Respondent No.6 : SRI PONNAM ASHOK GOUD, ASST. SOLICITOR GENERAL WP .NO:15217 of 2002 Between: 1. M/s. Seshasai Plastic Industries, Shed No.1, Phase-III, IDA- Patancheru-502 319, Medak District, AP, being Rep. by its Managing Partner, Sri P.Prabhakara Rao, S/o. Late P.Suryanarayana Murthy, Hindu, R/o. H.No. 270/B/3RT, Sanjeeva Reddy Nagar, Hyderabad-500 038 2. M/s Diamond Plast Industries, Shed No.1/A. Phase-III, IDA Patencheru, Medak District, being rep. by its Managing Partner, Sri P.Suryanarayana Murthy S/o P.Krishna Murthy, R/o. 55/B(MIGH), Sanjeeva Reddy Nagar, Hyderabad-500 038 3. Sri Kartikeya Industries, Plot No. 76, IDA, Phase-III, Patancheru, Medak District, AP, being rep. by its Proprietrix, Smt. P. Usha Rani, W/o Sri P. Prabhakara Rao, R/o. Hyderabad. 4. All Metal Spray Industries, Flat no. 202, Vuday Bhaskar Residency, SR Nagar, Hyderabad-500 038, rep by its Proprietor, Mr. Y. Murali Krishna S/o (Late), Y.Krishna Murthy, R/ Hyderabad. ..... Petitioners AND 1. Board of Industrial and Financial Reconstructions, Jawahar Vyapar Bhawan, 1, Tolstoy Marg, New Delhi-110 001, rep. by its Chairman 2. Govt. of A.P., Industries and Commerce (IFR) Department, Secretariat, Hyderabad, rep. by Principal Secretary to Government, through Advocate General, Govt. of A.P., 3. The Chairman, APMSEFC and Commissioner of Industries, Govt. of A.P., Chirag Ali Lane, Abids Roads, Hyderabad-500 001 (Respondents No. 2 & 3 are impleaded as per Court order dt: 20-09- 2012 in WPMP. No. 29690 of 2012) .....Respondents Petition under Article 226 of the Constitution of India, praying that in the circumstances stated in the petition and the affidavit filed herein, the High Court may be pleased to issue a writ, order or direction particularly in the nature of Mandamus directing the respondent to quantify the arrears due to each of the petitioners in case No. 631/92 pending on the file of the Respondent herein, and to give appropriate direction to the authorities to discharge the claims in accordance with the record of the proceedings of the hearing held on 2-4-2002 before the respondent; Counsel for the Petitioner No.1 : SRI P. PRABHAKAR RAO, PARTY- IN-PERSON Counsel for the Petitioners No. 2 to 4 : SRI V.V.PRABHAKARA RAO Counsel for the Respondent No.1 : SRI PONNAM ASHOK GOUD, ASST. SOLICITOR GENERAL Counsel for the Respondent No.2 : ADVOCATE GENERAL Counsel for the Respondent No.3 : GP FOR INDUSTRIES & COMMERCE WP .NO:15015 of 2003 Between: Seshasai Plastic Industries, Shed No.1, IDA, Phase-III, Patancheru, Medak District, Being Rep. by its Partner, Sri P.Prabhakara Rao, S/o.Late P.S.N.Murthy, Hindu, AGE:48, R/o.Hyderabad. ..... Petitioner AND 1 Appellate Authority for Industrial & Financial Reconstruction, 10th Floor, Jeevan Prakash, 25, Kasturiba Gandhi Marg, New Delhi-110 001, Rep. by its Chairman, (Government of India), 2 Board for Industrial & Financial Reconstruction, Jawahar Vyapar Bhawan, 1, Tolstoy Marg, New Delhi-110 001. Rep. by its Chairman, (Government of India), 3 Principal Secretary to Government, Government of Andhra Pradesh, Industries & Commerce Department, Secretariat, Hyderabad. 4 Industrial Development Bank of India, IDBI Tower, Cuffe Parade, MUMBAI-400 005, Rep. by its Chairman & M.D., 5 M/s.Voltas Ltd., P.B.No.1198, 9, J.N.Heradia Marg, Bollord Estate, MUMBAI-400 001. 6 M/s.Allwyn Watches Ltd., Patancheru, Medak District, Rep. by its Managing Director, .....Respondents Petition under Article 226 of the Constitution of India, praying that in the circumstances stated in the petition and the affidavit filed herein, the High Court may be pleased to issue a Writ, order or direction particularly in the nature of certiorari calling for the records in Appeal No.287 of 2002 on the file of the 2nd Respondent and quash the same as arbitrary, illegal and contrary to the provisions of Sections 14 and 26 of the SICA Act 1952 and remand the Case to BIFR/AAIFR for quantification of the arrears due to the Petitioner firm and for a consequential direction to the 3rd & 5th Respondents to discharge the same. Counsel for the Petitioner : SRI P.PRABHAKAR RAO, PARTY IN PERSON Counsel for the Respondent Nos.1 & 2: SRI PONNAM ASHOK GOUD, ASST. SOLICITOR GENERAL Counsel for the Respondent No.3 : GP FOR INDUSTRIES & COMMERCE Counsel for the Respondent No.4 : SRI S.NIRANJAN REDDY Counsel for the Respondent No.5 : SRI M.S. SRINIVAS IYENGAR Counsel for the Respondent No.6 : SRI N.SUBBA REDDY WP .NO:15016 of 2003 Between: Sri Kartikeya Industries, Plot No. 76, IDA, Phase-III, being rep. by its Propreitrix, Smt. P.Usha Rani W/o Sri P.Prabhakara Rao, R/o. Hyderabad. ..... Petitioner AND 1 Appellate Authority for Industrial & Financial Reconstruction, 10th Floor, Jeevan Prakash, 25, Kasturiba Gandhi Marg, New Delhi-110 001, Rep. by its Chairman, (Government of India), 2 Board for Industrial & Financial Reconstruction, Jawahar Vyapar Bhawan, 1, Tolstoy Marg, New Delhi-110 001. Rep. by its Chairman, (Government of India), 3 Principal Secretary to Government, Government of Andhra Pradesh, Industries & Commerce Department, Secretariat, Hyderabad. 4 Industrial Development Bank of India, IDBI Tower, Cuffe Parade, MUMBAI-400 005, Rep. by its Chairman & M.D., 5 M/s.Voltas Ltd., P.B.No.1198, 9, J.N.Heradia Marg, Bollord Estate, MUMBAI-400 001, rep. by its Chairman & MD. 6 M/s.Allwyn Watches Ltd., Patancheru, Medak District, Rep. by its Managing Director, .....Respondents Petition under Article 226 of the Constitution of India, praying that in the circumstances stated in the petition and the affidavit filed herein, the High Court may be pleased to issue a Writ, order or direction particularly in the nature of certiorari calling for the records in Appeal No.292 of 2002 on the file of the 2nd Respondent and quash the same as arbitrary, illegal and contrary to the provisions of Sections 14 and 26 of the SICA Act 1952 and remand the Case to BIFR/AAIFR for quantification of the arrears due to the Petitioner firm and for a consequential direction to the 3rd & 5th Respondents to discharge the same. Counsel for the Petitioner : SRI V.V.PRABHAKARA RAO Counsel for the Respondent Nos.1 & 2: SRI PONNAM ASHOK GOUD, ASST. SOLICITOR GENERAL Counsel for the Respondent No. 3 : GP FOR INDUSTRIES & COMMERCE Counsel for the Respondent No.4 : SRI S.NIRANJAN REDDY Counsel for the Respondent No.5 : SRI M.S. SRINIVAS IYENGAR Counsel for the Respondent No.6 : SRI N.SUBBA REDDY WP .NO:15017 of 2003 Between: Diamond Plast Industries, Shed No.1/A, Phase-III, IDA, Patancheru, Medak District. Rep. by its Managing Partner Sri P.R.K.Seshagiri Rao, S/o.Late P.S.N.Murthy, Hindu, R/o.Hyderabad. ..... Petitioners AND 1 Appellate Authority for Industrial & Financial Reconstruction, 10th Floor, Jeevan Prakash, 25, Kasturiba Gandhi Marg, New Delhi-110 001, Rep. by its Chairman, (Government of India), 2 Board for Industrial & Financial Reconstruction, Jawahar Vyapar Bhawan, 1, Tolstoy Marg, New Delhi-110 001. Rep. by its Chairman, (Government of India), 3 Principal Secretary to Government, Government of Andhra Pradesh, Industries & Commerce Department, Secretariat, Hyderabad. 4 Industrial Development Bank of India, IDBI Tower, Cuffe Parade, MUMBAI-400 005, Rep. by its Chairman & M.D., 5 M/s.Voltas Ltd., P.B.No.1198, 9, J.N.Heradia Marg, Bollord Estate, MUMBAI-400 001, rep. by its Chairman & MD. 6 M/s.Allwyn Watches Ltd., Patancheru, Medak District, Rep. by its Managing Director, .....Respondents Petition under Article 226 of the Constitution of India, praying that in the circumstances stated in the petition and the affidavit filed herein, the High Court may be pleased to issue a Writ, order or direction particularly in the nature of certiorari calling for the records in Appeal No.289 of 2002 on the file of the 2nd Respondent and quash the same as arbitrary, illegal and contrary to the provisions of Sections 14 and 26 of the SICA Act 1952 and remand the Case to BIFR/AAIFR for quantification of the arrears due to the Petitioner firm and for a consequential direction to the 3rd & 5th Respondents to discharge the same. Counsel for the Petitioner : SRI V.V.PRABHAKARA RAO Counsel for the Respondent Nos.1 & 2: SRI PONNAM ASHOK GOUD, ASST. SOLICITOR GENERAL Counsel for the Respondent No. 3 : GP FOR INDUSTRIES & COMMERCE Counsel for the Respondent No.4 : SRI S.NIRANJAN REDDY Counsel for the Respondent No.5 : SRI M.S. SRINIVAS IYENGAR Counsel for the Respondent No.6 : SRI N.SUBBA REDDY WP .NO:9914 of 2006 Between: Sri Kartikeya Industries, Shed No.1, IDA, Phase-III, Patancheru-502 319, Medak District, Being represented by its Proprietrix, Smt.P.Usha Rani. ..... Petitioners AND 1 Board for Industrial and Financial Reconstruction, Jawahar Vyapar Bhavan, 1, Tolstoy Marg, New Delhi- 110 001, Rep by its Chairman ( Govt. of India). 2 Principal Secretary to Govt., Govt. of A.P Industries & Commerce Department, Secretariat, Hyderabad. 3 Industrial Development Bank of India, IDBI Tower, Cuffee Parade, Mumbai-400 005, Rep. by its Chairman & M.D. 4 M/s. Voltas Ltd., P.B.No.1193, 9 , J.N.Heradia Marg, Bollord Estate, Mumbai-400 001. 5 M/s. Allwyn Watches Ltd., Patancheru, Medak District., Rep by its Managing Director. .....Respondents Petition under Article 226 of the Constitution of India, praying that in the circumstances stated in the petition and the affidavit filed herein, the High Court may be pleased to issue a Writ or Order or direction more particularly one in the nature of Writ of Certiorari or any other appropriate Writ i) Declaring the action of the 1st respondent in giving permission to the 3rd Respondent to sell away the 5th respondent assets as arbitrary, illegal, unjust, abuse of power, and in violation of this Hon'ble Court interim order dated 29-07-2003 in W.P.No.15016/2003. ii) Further declare that the Proceedings of the 1st Respondent dated 12-04-2006 in Case No.631/92 as void and consequently quash the same. iii) Call for the records; Counsel for the Petitioner : SRI V.V.PRABHAKARA RAO Counsel for the Respondent No.1 : SRI PONNAM ASHOK GOUD, ASST. SOLICITOR GENERAL Counsel for the Respondent No. 2: ADDL. ADVOCATE GENERAL Counsel for the Respondent No.3 : SRI S.NIRANJAN REDDY Counsel for the Respondent No.4 : SRI M.S. SRINIVAS IYENGAR Counsel for the Respondent No.5 : SRI N.SUBBA REDDY WP. NO. 9915 OF 2006: Between: Seshasai Plastic Industries, Shed No.1, IDA, Phase-III, Patancheru-502 319, Medak District, being rep. by its Managing Partner, Sri P. Prabhakar Rao Petitioner AND 1 Board for Industrial and Financial Reconstruction, Jawahar Vyapar Bhavan, 1, Tolstoy Marg, New Delhi- 110 001, Rep by its Chairman ( Govt. of India). 2 Principal Secretary to Govt., Govt. of A.P Industries & Commerce Department, Secretariat, Hyderabad. 3 Industrial Development Bank of India, IDBI Tower, Cuffee Parade, Mumbai-400 005, Rep. by its Chairman & M.D. 4 M/s. Voltas Ltd., P.B.No.1193, 9 , J.N.Heradia Marg, Bollord Estate, Mumbai-400 001. 5 M/s. Allwyn Watches Ltd., Patancheru, Medak District., Rep by its Managing Director. .....Respondents Petition under Article 226 of the Constitution of India, praying that in the circumstances stated in the petition and the affidavit filed herein, the High Court may be pleased to issue a Writ or Order or direction more particularly one in the nature of Writ of Certiorari or any other appropriate Writ i) Declaring the action of the 1st respondent in giving permission to the 3rd Respondent to sell away the 5th respondent assets as arbitrary, illegal, unjust, abuse of power, and in violation of this Hon'ble Court interim order dated 29-07-2003 in W.P.No.15015/2003. ii) Further declare that the Proceedings of the 1st Respondent dated 12-04-2006 in Case No.631/92 as void and consequently quash the same. iii) Call for the records; Counsel for the Petitioner : SRI P.PRABHAKARA RAO, PARTY IN PERSON Counsel for the Respondent No.1 : SRI PONNAM ASHOK GOUD, ASST. SOLICITOR GENERAL Counsel for the Respondent No. 2: ADDL. ADVOCATE GENERAL Counsel for the Respondent No.3 : SRI S.NIRANJAN REDDY Counsel for the Respondent No.4 : SRI M.S. SRINIVAS IYENGAR Counsel for the Respondent No.5 : SRI N.SUBBA REDDY WP .NO:9916 of 2006 Between: Daimond Plast Industries , Shed No.1/A, IDA, Phase-III, Patancheru-502 319, Medak District, being rep. by its Executive Partner Smt. P. Usha Rani. ..... Petitioner AND 1 Board for Industrial and Financial Reconstruction, Jawahar Vyapar Bhavan, 1, Tolstoy Marg, New Delhi- 110 001, Rep by its Chairman ( Govt. of India). 2 Principal Secretary to Govt., Govt. of A.P Industries & Commerce Department, Secretariat, Hyderabad. 3 Industrial Development Bank of India, IDBI Tower, Cuffee Parade, Mumbai-400 005, Rep. by its Chairman & M.D. 4 M/s. Voltas Ltd., P.B.No.1193, 9 , J.N.Heradia Marg, Bollord Estate, Mumbai-400 001. 5 M/s. Allwyn Watches Ltd., Patancheru, Medak District., Rep by its Managing Director. .....Respondents Petition under Article 226 of the Constitution of India, praying that in the circumstances stated in the petition and the affidavit filed herein, the High Court may be pleased to issue a Writ or Order or direction more particularly one in the nature of Writ of Certiorari or any other appropriate Writ i) Declaring the action of the 1st respondent in giving permission to the 3rd Respondent to sell away the 5th respondent assets as arbitrary, illegal, unjust, abuse of power, and in violation of this Hon'ble Court interim order dated 29-07-2003 in W.P.No.15017/2003. ii) Further declare that the Proceedings of the 1st Respondent dated 12-04-2006 in Case No.631/92 as void and consequently quash the same. iii) Call for the records; Counsel for the Petitioner : SRI P.PRABHAKARA RAO, PARTY IN PERSON Counsel for the Respondent No.1 : SRI PONNAM ASHOK GOUD, ASST. SOLICITOR GENERAL Counsel for the Respondent No. 2: ADDL. ADVOCATE GENERAL Counsel for the Respondent No.3 : SRI S.NIRANJAN REDDY Counsel for the Respondent No.4 : SRI M.S. SRINIVAS IYENGAR Counsel for the Respondent No.5 : SRI N.SUBBA REDDY WP .NO:6073 of 2007 Between: Seshasai Plastic Industries, Shed No.1,. IDA, Phase-III, Patancheru - 502 319, Medak District, being rep. by its Managing Partner Sri. P.Prabhakara Rao. ..... Petitioner AND 1 Appellate Authority for Industrial & Financial Reconstruction, 10th Floor, Jeevan Prakash, 25, Kasturiba Gandhi Marg, New Delhi 110 001, rep. by its Chairman, (Govt. of India) 2 Principal Secretary to Govt., Govt. of A.P. Industries & Commerce Department, Secretariat, Hyderabad. 3 Industrial Development Bank of India, IDBI Tower, Cuffe Parade Mumbai - 400 005, rep. by its Chairman & MD. 4 M/s.Voltas Ltd., Managing Director, P.B.No.1193, 9, J.N. Heradia Marg, Bollord Estate, Mumbai - 400 001. 5 M/s.Allwyn Watches Ltd., Patancheru, Medak District, rep. by its Managing Director. .....Respondents Petition under Article 226 of the Constitution of India, praying that in the circumstances stated in the petition and the affidavit filed herein, the High Court may be pleased to issue a writ, order or direction more in the nature of Certiorari or any other appropriate writ calling for the records pertaining to Appeal No.119/2006 of AAIFR and set aside the impugned order dt. 15.1.06 by holding the same as illegal arbitrary, and untenable and further direct the 4th respondent i.e., M/s. Voltas Ltd., to discharge the contingent liabilities and claim reimbursement from 2nd respondent i.e., Govt. of A.P. asp per SS-94 dated 4.4.1994 whatever it be as quantified by G.M., District Industries Center in its report vide Lr.No.354/L/2001, dated 3.4.2001 with further interest as per the Interest on delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1992/1993. Counsel for the Petitioner : SRI P.PRABHAKARA RAO, PARTY IN PERSON Counsel for the Respondent No.1 : SRI PONNAM ASHOK GOUD, ASST. SOLICITOR GENERAL Counsel for the Respondent No. 2: ADDL. ADVOCATE GENERAL Counsel for the Respondent No.3 : SRI S.NIRANJAN REDDY Counsel for the Respondent No.4 : SRI M.S. SRINIVAS IYENGAR Counsel for the Respondent No.5 : SRI N.SUBBA REDDY WP .NO:6085 of 2007 Between: Sri Kartikeya Industries, Shed No.1/B, IDA Phase-III, Patancheru-502 319 Medak District, being Rep. by its Proprietrix Smt. P. Usha Rani ..... Petitioner AND 1 Appellate Authority for Industrial & Financial Reconstruction, 10th Floor, Jeevan Prakash, 25, Kasturiba Gandhi Marg, New Delhi 110 001, rep. by its Chairman, (Govt. of India) 2 Principal Secretary to Govt., Govt. of A.P. Industries & Commerce Department, Secretariat, Hyderabad. 3 Industrial Development Bank of India, IDBI Tower, Cuffe Parade Mumbai - 400 005, rep. by its Chairman & MD. 4 M/s. Voltas Ltd., Managing Director, P.B.No.1193, 9, J.N. Heradia Marg, Bollord Estate, Mumbai - 400 001. 5 M/s. Allwyn Watches Ltd., Patancheru, Medak District, rep. by its Managing Director. .....Respondents Petition under Article 226 of the Constitution of India, praying that in the circumstances stated in the petition and the affidavit filed herein, the High Court may be pleased to issue a writ, order or direction more in the nature of Certiorari or any other appropriate writ calling for the records pertaining to Appeal No.119/2006 of AAIFR and set aside the impugned order by holding the same as illegal arbitrary, and untenable and further direct M/s Voltas Ltd., to discharge the contingent liabilities whatever it be as quantified by G.M. District Industries Center in its report vide Lr. No. 354/L/2001, dated: 03-04-2001 with further interest as per the Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1992/1993. Counsel for the Petitioner : SRI V.V.PRABHAKARA RAO Counsel for the Respondent No.1 : SRI PONNAM ASHOK GOUD, ASST. SOLICITOR GENERAL Counsel for the Respondent No. 2: ADDL. ADVOCATE GENERAL Counsel for the Respondent No.3 : SRI S.NIRANJAN REDDY Counsel for the Respondent No.4 : SRI M.S. SRINIVAS IYENGAR Counsel for the Respondent No.5 : SRI N.SUBBA REDDY WP .NO:6127 of 2007 Between: Diamond Plast Industries, Shed No. 1/A, IDA, Phase-III, Patancheru-502 319 Medak District, being Rep. by its Managing Partner, Sri P.R.K. Seshagiri Rao ..... Petitioner AND 1 Appellate Authority for Industrial & Financial Reconstruction, 10th Floor, Jeevan Prakash, 25, Kasturiba Gandhi Marg, New Delhi 110 001, rep. by its Chairman, (Govt. of India) 2 Principal Secretary to Govt., Govt. of A.P. Industries & Commerce Department, Secretariat, Hyderabad. 3 Industrial Development Bank of India, IDBI Tower, Cuffe Parade Mumbai - 400 005, rep. by its Chairman & MD. 4 M/s. Voltas Ltd., Managing Director, P.B.No.1193, 9, J.N. Heradia Marg, Bollord Estate, Mumbai - 400 001. 5 M/s. Allwyn Watches Ltd., Patancheru, Medak District, rep. by its Managing Director. .....Respondents