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Search Results for "interest calculation"

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High Court

High Court of Karnataka Dismisses Writ Petition by Government Undertaking Challenging Execution Court Order on Interest Calculation in Arbitral Award Enforcement. Court upholds execution court's acceptance of decree holder's memo of calculation, rejecting judgment debtor's objections regarding interest computation under Section 34 of CPC.

4 Apr 2017

The petitioners, Karnataka Neeravari Nigam Ltd. and its Executive Engineer, a Government of Karnataka undertaking, had engaged the respondent, M/s. Sh...

High Court

Bombay High Court Considers Challenge to Revision Order in FCCB Capital Gains Case; Cost of Acquisition Dispute Between FCCB Scheme and Section 49(2A) of Income-tax Act Examined. Revenue Relied on Section 49(2A) While Petitioner Invoked Clause 7(4) of the 1993 Scheme.

27 Mar 2019

The writ petition under Article 226 was filed before the Bombay High Court challenging an order dated 29 March 2018 passed by the Commissioner of Inco...

Supreme Court

Supreme Court Partly Allows Appeal and Modifies Decree in Mortgage Suit Under Mysore Money Lenders Act, 1939. Interpretation of 'Principal of Original Loan' Under Section 17 Leads to Re-computation of Arrears of Interest and Future Interest Directions.

3 Dec 1968

The dispute arose from a civil suit for recovery on two simple mortgages dated 12 January 1937 and 14 June 1937, filed by the predecessor-in-interest ...

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

Bombay High Court Partly Allows Writ Petition Challenging Recovery Order in Unfair Labour Practice Case — Interest Rate Reduced from 10% to 6%. The court upheld the recovery of principal amounts under Section 50 read with Section 48 of MRTU & PULP Act, 1971 but reduced the interest rate from 10% to 6% per annum.

23 Mar 2023

The petitioner, Lintas India Pvt Ltd, challenged an order of the Industrial Court, Mumbai, dated 24th December 1999 in Recovery Application (ULP) No. ...

Supreme Court

Supreme Court Allows Appeal in Arbitration Execution Matter — Post-Award Interest Calculation Must Follow Hyder Consulting Principle. Court holds that post-award interest under Section 31(7)(b) of the Arbitration and Conciliation Act, 1996 is payable on the entire sum awarded including pre-award interest, overruling S.L. Arora.

13 Dec 2024

The dispute arose from a contract awarded by the North Delhi Municipal Corporation (appellant) to M/s. S.A. Builders Ltd. (respondent) in 1983 for con...

High Court

Karnataka High Court Dismisses Winding Up Petition by Ex-Director Against Company for Disputed Interest Claim. Company Petition under Section 433(e) of Companies Act, 1956 dismissed as debt was bona fide disputed and no written agreement for interest existed.

22 Jul 2016

The petitioner, Mr J R Srinivasa, an ex-director of the respondent company Sree Gururaja Enterprises Pvt Ltd, filed a winding up petition under Sectio...

High Court

High Court of Gujarat Partly Allows Writ Petition for Interest on Delayed Retiral Benefits and Differential Pay. Denies Interest on Differential Pay as Delay Was Not Deliberate Due to Prior Stay, but Grants 6% Interest on Pension, Gratuity, Leave Encashment from Retirement Date, Following D.D. Tewari v. Uttar Haryana Bijli Vitran Nigam Ltd., (2014) 8 SCC 894.

24 Mar 2026

The original petitioner, a daily wager, had approached the Labour Court seeking regularization. By award dated 02.01.2009 in LCR No.23 of 1995, the La...

High Court

Bombay High Court Allows Writ Petition for Higher Interest on Refund of Seized Cash in GST Investigation — Circular on Pre-deposit Interest Not Applicable to Seized Amounts. Court held that interest on refund of cash seized during investigation should be at the rate actually earned on fixed deposit or 18% per annum, whichever is higher, to prevent unjust enrichment.

20 Sep 2024

The case involves two writ petitions filed by Ramkaran Karwa and his son Samir Karwa against the Union of India and other GST authorities. The petitio...

High Court

High Court of Karnataka Quashes Interest Demand in ESI Act Case for Violation of Natural Justice. Failure to Issue Show Cause Notice Before Determining Interest Under Section 39(5) of Employees' State Insurance Act, 1948 Renders Order Unsustainable.

10 Sep 2013

The petitioner, M/s. St. John's Medical College Hospital, an establishment covered under the Employees' State Insurance Act, 1948, challenged an order...

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