law: Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993 
  5. Liability of buyer to pay compound interest 
  Notwithstanding anything contained in any agreement between a
  
  supplier and a buyer or in any law for the time being in force, the buyer shall
  
  be liable to pay compound interest (with monthly interest) at the rate
  
  mentioned in section 4 on the amount due to the supplier.