Search Results for "Delayed Payment"

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Supreme Court Holds Customs Duty Payable on Redemption of Confiscated Goods Under Section 125 of Customs Act, 1962 — Interest Under Section 28AB Also Attracts. Redemption fine does not substitute duty; duty and interest are separate liabilities.

The Supreme Court adjudicated two questions arising under the Customs Act, 1962: whether customs duty is payable when confiscated goods are redeemed a...

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Supreme Court Dismisses Review Petitions in Interest on Delayed Payments Case — Limitation Bar Upheld. Payment under Section 19 of Limitation Act, 1963 requires pleading and proof; Section 14 exclusion not available for different entity.

The Supreme Court dismissed three review petitions filed against its common judgment dated 23.01.2019, which had dismissed civil appeals by M/s Shanti...

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Bombay High Court Allows Writ Petition for Unpaid Salary and Interest to Assistant Head Mistress Despite Reservation Dispute. Court Holds That Actual Work Rendered Entities Employee to Salary, and Interest at 6% Per Annum Is Payable from Date of Filing Petition.

The petitioner, Mrs. Padma Manwani, filed a writ petition before the Bombay High Court seeking payment of salary for the period she worked as Assistan...

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High Court Dismisses Bank's Petition Challenging Interest on Delayed Gratuity Payment Under Section 7(3A) of Payment of Gratuity Act, 1972. Service Regulations Cannot Override Statutory Mandate for Interest on Delayed Gratuity.

The case involves a writ petition filed by Allahabad Bank, a body corporate constituted under the Banking Companies (Acquisition and Transfer of Under...

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Bombay High Court Allows Writ Petition Challenging Imposition of Maximum Interest Rate on Delayed Royalty Payment Under Mineral Concession Rules, 1960. Court Holds That Rule 64-A Prescribes Maximum Rate, Not Mandatory Rate, and Respondents Have Discretion to Impose Lower Interest.

The petitioner, Associated Cement Companies Limited, filed a writ petition challenging a communication dated 16/18.4.1996 from the respondents demandi...