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Bombay High Court Allows Appeals by Acquiring Body in Land Acquisition Compensat...
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Search Results for "interest calculation"

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High Court

Bombay High Court Dismisses Petition Challenging Interest Calculation in Land Acquisition Case. Interest under Section 23(1A) of Land Acquisition Act, 1894 is to be calculated from the last date of publication of Section 4 notification, not from the date of issuance.

16 Jun 2006

The petitioner, Shri Prakash Vasudeo Deodhar, challenged an order dated 13th June, 2003 passed by the Special Land Acquisition Officer (Minor Irrigati...

High Court

High Court of Bombay at Goa Remands Land Acquisition Compensation Matter for Fresh Calculation of Interest Following Earlier Determination on Possession Date. The court set aside the order dated 17/02/2004 and directed the District Court to compute compensation and interest afresh within three months, leaving open the issue of interest after deposit.

18 Aug 2006

The case involves a Civil Revision Application filed by the Land Acquisition Officer, Government of Goa, and the Director of Tourism against the respo...

Supreme Court

Supreme Court Allows Appeal in Arbitration Execution Case — Interest Ceases on Withdrawal of Deposited Amount. Court holds that when a decree holder withdraws a deposited amount, interest ceases to run from the date of withdrawal, even if no formal notice under Order XXI Rule 1(4) CPC is given.

8 Dec 2022

The case arises from an arbitration award dated 14.04.2000, whereby the appellant, Nepa Limited, was directed to pay Rs. 14,49,300/- to the respondent...

Supreme Court

Supreme Court Upholds High Court's Interpretation of Lease Deed in State of Bihar v. Tata Iron & Steel Co. Ltd. — Interest on Arrears of Rent Calculated on Lump Sum Basis, Not Per Annum, Under Clause (xii) of Lease Deed. The Court held that the absence of the words 'per annum' in Clause (xii) of the Lease Deed was deliberate and the demand for interest on a yearly basis was illegal.

9 May 2019

The case involves a dispute between the State of Bihar (now Jharkhand) and Tata Iron & Steel Co. Ltd. regarding the calculation of interest on arrears...

Supreme Court

Supreme Court Partly Allows Appeals in Arbitration Execution Case — Clarifies Interest Rate as Simple Interest. The Court held that an arbitration award granting interest at 7% per annum without specifying rests must be construed as simple interest, and post-award interest under Section 31(7)(b) of the Arbitration and Conciliation Act, 1996 is payable.

19 Feb 2019

The case arises from an auction of shops conducted by the Municipal Council Thanesar on 18.10.2006. Disputes arose regarding delivery of possession an...

High Court

Bombay High Court Allows Writ Petition Challenging Interest Demand Under Section 28AA of Customs Act, 1962. Interest on Delayed Payment of Duty Held Payable Only After Crystallization of Duty Liability by Supreme Court Decision.

28 Mar 2006

The petitioner, M/s. M.J. Exports Pvt. Ltd., imported 53 Haemodialysis Machines and accessories under an Open General License and claimed exemption un...

Supreme Court

Supreme Court Considers Appeal Against High Court Judgment Dismissing Challenge to Arbitral Award in Bill Discounting Dispute — Contractual Interest Rate of 36% Per Annum with Monthly Rests Upheld. High Court's Upholding of Arbitral Award on Interest Rate Based on Mutual Agreement Between Commercial Parties and Not Opposed to Public Policy.

1 Jan 1970

The dispute arose from a bill discounting facility extended by the respondent to a seller (BDDL) and buyer (appellant) of goods. The appellant and BDD...

Supreme Court

Supreme Court Allows Appeal by Mortgagees in Evacuee Interest (Separation) Act Case; Rules Section 9(1) Does Not Reopen Past Interest Accounts. Interest Rate Capped at 5% Per Annum Simple from Date of Claim, Not Retrospectively, for Composite Property.

25 Mar 1966

The dispute arose from a mortgage deed executed in 1928, under which the appellants were mortgagees of properties including a house, with interest at ...

High Court

High Court of Karnataka Allows Decree Holder's Writ Petition in Land Acquisition Interest Dispute — Interest Under Section 28 of Land Acquisition Act, 1894 Held Payable from Date of Possession, Not Notification Under Section 4(1). The court clarified that Section 28 explicitly provides for interest from the date of possession, and the executing court's contrary view was erroneous.

28 Feb 2013

The petitioners, M.V. Subba Rao and M.M.G. Prasad, were owners of land in Singapore Village, Sindhanoor Taluk, Raichur District, which was acquired fo...

High Court

Bombay High Court Upholds DRAT Order Allowing One Time Settlement in Debt Recovery Case — Interest Must Be Calculated as Per OTS Terms. The court held that the DRT erred in not giving effect to the OTS and in calculating interest beyond the OTS terms, and the DRAT correctly set aside the DRT order.

10 Jul 2019

The petitioners, Small Industries Development Bank of India (SIDBI) and India SME Asset Reconstruction Company Ltd., challenged an order dated 26th Ma...

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