We are a Small Scale Unit. We have filed a suit in the year 1988 for realization of our outstanding dues from 1986 also claim pendilite interest. This suit is still pending and has been reffered to the arbritrator for settlement of claim. Now we want to take benefit under the Act " The Interest on delayed payment to Small Scale and ancillary industrial undertaking Act 1993 ". This act came into force on 23rd Sept. 1992. Now, whether this act is applicable in our case or not ? Is there any decisions for retrospective effect of this act ?