Search Results for "Reduction of Interest"

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Search Results for "Reduction of Interest"

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Supreme Court

Supreme Court Reduces Interest Rate in Arbitration Award for Construction Contract Dispute. Court exercises Article 142 powers to modify arbitral interest from 18% to 10% per annum simple interest, with condition that original rate applies if payment not made within eight weeks.

2 Sep 2019

The Supreme Court disposed of an appeal by the Post Graduate Institute of Medical Education and Research, Chandigarh, against a High Court judgment af...

High Court

High Court of Bombay at Goa Reduces Interest Rate from 12% to 9% in Contractor's Recovery Suit Against State. The court held that interest under Section 34 CPC must be reasonable and not excessive, reducing the rate to 9% per annum.

8 Feb 2019

The dispute arose out of a contract awarded by the State of Goa to P.B. Ibrahim, a Class I PWD Contractor, for improvement of riding quality of NH-4A ...

High Court

Bombay High Court Allows Appeal Restoring Arbitrator's 18% Interest Rate in Commercial Dispute. Trial Court's Reduction to 6% Set Aside as Unwarranted in a Commercial Transaction Where Arbitrator's Award Was Not Erroneous.

2 Feb 2016

The appellant, M/s. Qureshi Brothers, a firm engaged in contracting, was awarded compensation by an Arbitrator in an award dated 31.05.1999, which inc...

High Court

High Court of Bombay at Goa Partly Allows Insurance Company's Appeal in Workmen's Compensation Case — Interest Rate Reduced from 12% to 9% p.a. The Court held that the Commissioner erred in awarding interest at 12% p.a. under Section 4A of the Workmen's Compensation Act, 1923, and reduced it to 9% p.a.

7 Aug 2015

The appeal was filed by the National Insurance Co. Ltd. challenging the judgment and order dated 13/05/2010 passed by the Commissioner for Workmen's C...

High Court

Bombay High Court Allows Petition Challenging Executing Court's Reduction of Decreed Interest Rate. Executing Court Cannot Vary Terms of Decree Under Section 34 of Code of Civil Procedure, 1908.

16 Feb 2006

The petitioner, Joaquim Joao Fernandes, filed a writ petition challenging an order dated 4-1-2005 passed by the Civil Judge, Senior Division, Margao i...

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