HC direct granting of SVLDR benefit subject to Payment with Interest

Veera Mathiamman Foundations (P) Ltd. Vs Designated Committee (Madras High Court) Introduction: In a pivotal judgment, the Madras High Court extended a helping hand to Veera Mathiamman Foundations (P) Ltd., grappling with financial difficulties, by directing the Designated Committee to reconsider the matter under the Sabka Vishwas Legacy Disputes Resolution Scheme, 2019 (SVLDRS) and issue a discharge certificate accordingly. This decision underscores the judiciary’s recognition of the economic challenges faced by entities and their willingness to provide equitable relief under statutory ...