SEC 56 CONTRACT ACT

gitish (Querist) 08 January 2009 This query is : Resolved
HELLO EVERY BODY
DIS IS ADV. GITISH BHARDWAJ
I HAVE A CASE IN HIGH COURT IN WHICH A COMPANY GET SUBSCIDY FROM GOVT FOR FIVE YEARS,. N BY THE RULE COMPSNY HAS HAS TO MAKE PRODUCTION TILL THE END OF 5 YEARS
MY CLIENT PRODUCED FOR 4N HALF YEAR N THEN THERE WAS A FIRE IN COMPANY PREMISES BY WHICH THEY OCCURED A LOSS OF 5 CRORE N WHEN THE INSURANCE CLAIM COMES IT DIRECTLY GOES TO CREDITORS A/C .. NOW WAT MY CLIENT WANTS SUBCIDY CLAIM ON PRORATA BASIS
DO U HAVE ANY JUDGEMENT ON THIS TOPIC

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