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Search Results for "interest calculation"

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High Court

Bombay High Court Dismisses Appeal Under Section 37 of Arbitration Act, Upholds Setting Aside of Arbitral Award for Patent Illegality and Violation of Natural Justice. Arbitrator's failure to consider vital evidence and crucial documents renders award patently illegal and liable to be set aside under Section 34 of the Arbitration and Conciliation Act, 1996.

3 Nov 2025

The appellant, M/s Leaf Bio-Tech Pvt. Ltd., filed an appeal under Section 37 of the Arbitration and Conciliation Act, 1996, against an order of the Ci...

High Court

Bombay High Court Allows PF Commissioner's Challenge Against Official Liquidator's Rejection of Damages and Interest Claims in Winding Up. Priority under Section 11(2) of Employees' Provident Funds and Miscellaneous Provisions Act, 1952 extends to damages under Section 14B and interest under Section 7Q.

6 Jan 2016

The Regional Provident Fund Commissioner, Thane, filed a Company Application challenging the adjudication order of the Official Liquidator, High Court...

High Court

High Court Partly Allows Insurance Company's Appeal in Motor Accident Claim, Modifying Compensation for Consortium and Future Prospects. Tribunal's Income Assessment Upheld, but Award Enhanced for Loss of Consortium to Both Claimants and Future Prospects, with Interest from Claim Application Date Under Section 171 of Motor Vehicles Act, 1988.

27 Mar 2026

The appeal arose from a motor accident claim petition filed by the wife and son of the deceased, under Section 166 of the Motor Vehicles Act, 1988. Th...

High Court

Bombay High Court Allows PF Commissioner's Claim for Interest Under Section 7Q Up to Winding Up Date in Company Liquidation. Priority Under Section 11(2) of PF Act Extends to All Dues Including Interest, But Damages Under Section 14B Must Be Levied Prior to Winding Up.

6 Jan 2016

The Regional Provident Fund Commissioner, Thane, filed a Company Application challenging the adjudication order of the Official Liquidator of M/s. Zod...

High Court

High Court of Karnataka Hears Revenue's Appeals Against ITAT Decision Favoring Assessee on Deduction of Distributable Surplus Payment to Brand Owner. Court Examines Whether Payment is Allowable Under Section 37 of Income Tax Act, 1961 or Constitutes Application of Income or Diversion by Overriding Title.

25 Sep 2018

The present set of five tax appeals arises under Section 260-A of the Income Tax Act, 1961, filed by the Revenue against the common order of the Incom...

Supreme Court

Supreme Court Dismisses Guarantors' Appeals in SARFAESI Act Enforcement Case, Upholding Sale of Mortgaged Properties. The Court held that multiple litigations by guarantors constitute abuse of process and cannot defeat the expeditious recovery mechanism under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.

23 Sep 2021

The Supreme Court of India dealt with civil appeals arising from special leave petitions challenging a common judgment of the Madras High Court. The d...

Supreme Court

Supreme Court Examines Bona Fides of Insolvency Proceedings by Telecom Service Providers to Avoid AGR Dues. The Court held that no fresh dispute on AGR dues can be raised after final judgment and that spectrum cannot be subject of IBC proceedings.

20 Jul 2020

The Supreme Court was hearing miscellaneous applications in the ongoing litigation concerning the definition of Adjusted Gross Revenue (AGR) and the p...

High Court

Bombay High Court Partly Allows MTNL's Challenge to Arbitral Award, Reduces Future Interest from 18% to 9%. Court upheld the arbitrator's findings on quantum but modified the future interest rate as excessive under Section 31(7)(b) of the Arbitration and Conciliation Act, 1996.

16 Jul 2012

The petitioner, Mahanagar Telephone Nigam Ltd. (MTNL), a Central Government Corporation, challenged an arbitral award dated 3 July 2006 passed by a so...

High Court

Gujarat High Court Directs Payment of Interest on Delayed Salary to Teacher for Unjustified Delay in Implementing Tribunal Order. The court held that delayed payment of salary without interest amounts to unjust enrichment and ordered interest at 9% per annum.

9 Feb 2026

The petitioner, Alkaben Ratilal Patel, a teacher, filed a writ petition under Article 226 of the Constitution of India seeking interest on delayed pay...

High Court

Bombay High Court Issues Rule Nisi in Cyber Fraud Case Involving Unauthorized Withdrawals of Rs. 38.04 Lakh. Petitioner Claims Banks Breached RBI Guidelines on Internet Banking and Failed to Reverse Fraudulent Transactions.

6 Apr 2026

The petitioner, a freelancer in business consultancy, maintained savings and current accounts with HDFC Bank since 2011 and 2016 respectively. On 14 J...

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