Search Results for "Exorbitant Interest"

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Bombay High Court Allows Appeals by Acquiring Body in Land Acquisition Compensat...
Bombay High Court Dismisses NHAI Appeals in Land Acquisition Compensation Disput...
Bombay High Court Dismisses Writ Petition Challenging Concurrent Findings in Sui...
Bombay High Court at Goa Dismisses Review Petition in Partition Suit Impleadment...
Bombay High Court Acquits Accused in Corruption Case Due to Unreliable Trap Witn...

Search Results for "Exorbitant Interest"

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High Court

Madras High Court Hears Writ Appeal Against Single Judge Order Directing Payment of Rs.25,00,000 for Flat Sale Deed; Appellant Claims Amount Was Fixed Without Basis and Housing Board Charges Exorbitant Interest.

24 Feb 2025

The present writ appeal was filed under Clause 15 of the Letters Patent against the order dated 07.06.2023 passed by a single judge of the Madras High...

Supreme Court

Supreme Court Partially Allows Appeal in Recovery Suit Against Sick Industrial Company — Suspension of Proceedings Under Section 22(1) of SICA Does Not Bar Suit for Unadmitted Debt. High Court's Grant of 24% Compound Interest Reduced to 12% Simple Interest.

29 Apr 2024

The case involves a dispute between Fertilizer Corporation of India Ltd. (FCIL), a public sector undertaking, and M/s Coromandal Sacks Private Limited...

Supreme Court

Supreme Court Dismisses Promoter's Appeal in Real Estate Regulation Case, Upholding Authority's Jurisdiction and Pre-deposit Condition. The court affirmed that a single member of the Real Estate Regulatory Authority has jurisdiction to order refunds under Section 18 of the Real Estate (Regulation and Development) Act 2016, and the pre-deposit requirement under Section 43(5) is valid for statutory appeals.

11 Nov 2021

The dispute arose from appeals filed by promoters and real estate developers against orders of the High Court of Allahabad, which had dismissed their ...

Supreme Court

Supreme Court Grants Immunity to NBCC from Legal Proceedings in Amrapali Group Case — Dismisses Modification Plea for Interest Waiver by Royalgolf Link City Projects Private Limited. Court held that NBCC, as court-appointed project management consultant, is immune from being impleaded in other forums, and that interest on diverted homebuyer funds is necessary to prevent unjust enrichment.

10 Jun 2020

The Supreme Court disposed of multiple interlocutory applications in the ongoing Amrapali Group matter. In I.A. No.49238 of 2020, NBCC (I) Ltd., appoi...

High Court

Bombay High Court Partially Sets Aside Arbitral Award in Agency Agreement Dispute — Upholds Claim for Outstanding Invoices but Remits Interest Calculation. The court held that the arbitrator's award of interest at 18% per annum from the date of each invoice was contrary to the contract and Section 31(7)(a) of the Arbitration and Conciliation Act, 1996, which requires interest to run from the date of cause of action unless otherwise agreed.

21 Jan 2020

The petitioner, Aero Club, filed two petitions under Section 34 of the Arbitration and Conciliation Act, 1996, challenging an arbitral award dated 14t...

High Court

High Court of Karnataka Allows Appeal in Bank Recovery Suit Due to Failure to Prove Debt and Improper Service of Notice Under Section 138 of Negotiable Instruments Act, 1881. The court held that the plaintiff bank failed to prove the debt and liability of the defendant, and the notice under Section 138 was not properly served, thus the suit for recovery was not maintainable.

30 Aug 2019

The appellant, K. Ravindra Shetty, was the defendant in a suit filed by Vijaya Bank for recovery of Rs. 3,20,835.20 with interest. The bank claimed th...

Supreme Court

Supreme Court Upholds Validity of Pre-deposit Condition Under Punjab VAT Act. Condition of 25% Pre-deposit for First Appeal Held Not Unconstitutional, but Appellate Authority Has Inherent Power to Grant Interim Relief.

1 Jan 2019

The Supreme Court considered a batch of appeals challenging the judgment of the Punjab and Haryana High Court which upheld the validity of Section 62(...

High Court

Bombay High Court Dismisses PILs Alleging Irregularities in LED Streetlight Procurement by Nagpur Municipal Corporation. Court finds no mala fides or procedural violations in tender process, upholds NMC's decision to award contract to lowest bidders.

12 Nov 2018

The Bombay High Court at Nagpur disposed of two Public Interest Litigations (PILs) concerning the procurement of LED streetlights by the Nagpur Munici...

High Court

High Court of Bombay at Nagpur Dismisses Petition by Employer Challenging Wage Hike for Mathadi Workers. The court held that the Mathadi Board's wage increase was not arbitrary and the Board had not failed in its duty to ensure full utilization of workers under the Maharashtra Mathadi, Hamal and Other Manual Workers' (Regulation of Employment and Welfare) Act, 1969.

1 Oct 2015

The petitioner, Steel Authority of India Ltd., a government company, challenged an order dated 12/08/2011 passed by the Nagpur and Wardha District Mat...

High Court

Bombay High Court Dismisses Winding Up Petition Under Section 433(e) of Companies Act, 1956 for Debt Disputed in Good Faith. Petition Filed to Exert Pressure for Unreasonable Demands, Not for Recovery of Genuine Debt.

7 Jun 2006

The petitioner, Fomento Resorts And Hotels Ltd., filed a winding up petition under Section 433(e) of the Companies Act, 1956 against the respondent, G...

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