Search Results for "Compensatory Interest"

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Supreme Court Allows Appeal in Dishonour of Cheque Case, Reinstates Proceedings Quashed by High Court. Parallel Prosecutions Under Section 138 of the Negotiable Instruments Act, 1881 and Other Offences Are Permissible, and Settlement Agreement Does Not Extinguish Liability Unless Full Payment Is Made.

The dispute arose from dishonoured cheques issued by Aanchal Cement Limited (ACL) to Gimpex Private Limited. Gimpex had paid customs duty and wharfage...

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Supreme Court Dismisses Appeal of Contractor in Arbitration Dispute Over Interest. Contractual Clauses 50 and 51 of GCC Barred Arbitral Tribunal from Awarding Interest on Delayed Payments Under Section 31(7)(a) of Arbitration and Conciliation Act, 1996.

The dispute arose from a contract awarded to Jaiprakash Associates Ltd. (JAL) by Tehri Hydro Development Corporation India Ltd. (THDC) for execution o...

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Bombay High Court Allows Students' Petitions Challenging Debarment from Examination Due to Lack of Opportunity of Hearing. Debarment Order Violates Principles of Natural Justice as Students Were Not Given a Chance to Explain Before Being Barred from Appearing in Exams.

The petitioners, students of Mukesh Patel School of Technology, Management and Engineering (Respondent No.2), which is managed by Shri Vile Parle Kelw...

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Bombay High Court Dismisses MSEDCL's Application to Declare Arbitral Award Satisfied as Vexatious and Dilatory. Unilateral Deposit of Disputed Amount Without Decree-Holder's Consent Does Not Discharge Judgment-Debtor Under Section 31 CPC.

The case involves a Chamber Summons filed by Maharashtra State Electricity Distribution Company Limited (MSEDCL), the unsuccessful respondent in an ar...

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Supreme Court Dismisses Appeal of Distribution Licensee Against Tariff Revision for Change in Law Under Electricity Act, 2003. Non-Allocation of Coal Linkage Despite Government Assurance Constitutes Change in Law Entitling Generating Company to Compensatory Tariff.

The case involves a dispute between Jaipur Vidyut Vitran Nigam Limited (JVVNL), an electricity distribution licensee in Rajasthan, and Adani Power Raj...

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Supreme Court Allows Contractor's Appeal in Arbitration Dispute Over Interest on Delayed Payment. The court examined entitlement to interest under Clause 60.8 of the contract and validity of alleged waiver through communications, referencing arbitration provisions and contract law principles.

The dispute arose from a contract awarded by the State of Kerala to the appellants for highway upgradation, executed on 7 November 2002. The appellant...

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High Court Grants Permission for Construction of Berthing Jetty and Cement Plant in CRZ Area, Subject to Environmental Safeguards. Balancing Development and Ecology: High Court Approves Adani Cementation’s Project with Strict Compliance Conditions

Sustainable Development: The court reiterated the principle of sustainable development, holding that economic development and environmental protection...

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Supreme Court Refers Metro Construction Proposal to Central Empowered Committee for Forest Land Scrutiny. DMRC's Application for Declaration of Non-Forest Areas Deferred Pending Examination Under Forest (Conservation) Act, 1980 and Related Environmental Statutes.

The Supreme Court, in its original jurisdiction, considered multiple interlocutory applications (IAs) filed in the long-pending writ petition concerni...