Search Results for "interest on delayed payment"

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Search Results for "interest on delayed payment"

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High Court

High Court Dismisses Petition Challenging Arbitral Award Under Section 34 of Arbitration and Conciliation Act, 1996 - Upholds Arbitral Tribunal's Jurisdiction and Interest Award Under MSMED Act. Court held that remedy under Section 18 of Micro, Small and Medium Enterprises Development Act, 2006 is optional, not exclusive, and ad hoc arbitration permissible, with interest under Section 16 MSMED Act upheld.

10 Mar 2026

The dispute arose from a contract for supply of VRLA batteries between Petitioner, a government enterprise, and Respondent, a company registered under...

Supreme Court

Contractual Bar on Pendente Lite Interest: Strict Construction Required Under Arbitration Act, 1940. Supreme Court Upholds Arbitrator’s Power to Award Interest Unless Expressly Barred in Contract

2 Apr 2025

Arbitration Act1940 Act: Arbitrator has inherent power to award pendente lite interest unless expressly barred by contract (Para 8, 10). Strict Co...

High Court

Bombay High Court Directed Payment of Interest on Withheld Retirement Dues After Departmental Inquiry Exoneration. Interest Granted on Delayed Payment of Retiral Benefits to Exonerated Employee

11 Mar 2025

The court ruled that interest is compensatory in nature and must follow when an employee is deprived of their rightful money. Delay in disbursement of...

Supreme Court

Supreme Court Upholds Enforceability of Public Procurement Policy for Micro and Small Enterprises (MSEs) – Directs Review of Minimum Turnover Clauses in Tenders

25 Feb 2025

Court Emphasizes Statutory Duty of Government to Procure 25% from MSEs – Guidelines Issued for Effective Implementation of Procurement Policy T...

Supreme Court

Supreme Court Interprets MSMED Act for Dispute Resolution Rights. Clarifying whether unregistered MSMEs under Section 8 can invoke arbitration under Section 18.

10 Jan 2025

Remedies Under the MSMED Act, 2006 Unrestricted by Prior Registration Whether an enterprise not registered under Section 8 of the Micro, Small, and M...

High Court

Bombay High Court Dismisses Apollo Tyres' Writ Petition Against GST Show Cause Notice. The Court emphasizes the need to exhaust statutory remedies before invoking writ jurisdiction under Article 226.

14 Nov 2024

1. Background of the Case Petitioner: Apollo Tyres Limited. Respondents: Union of India and GST authorities. Issue: Challenge to a show cause not...

High Court

"Bombay High Court Dismisses B.V. Jewels' Plea, Upholds Interest Demand on Customs Liability" "Customs Act’s interest provisions reaffirmed; liabilities clarified."

14 Nov 2024

Acts and Sections Discussed: Customs Act, 1962: Section 18(3): Interest on final/re-assessment orders. Section 28: Recovery of duties not levie...

Supreme Court

"Supreme Court Denies Interest on Delayed Pension Payments to Retired Private College Lecturers." "Appellants labeled 'fence-sitters,' denied better treatment than government college litigants who did not receive interest."

21 Oct 2024

The Supreme Court of India dismissed the appeals of the appellants (retired lecturers from private aided colleges) who sought interest on the delayed ...

High Court

High Court Directs Pension Release for Retired Teacher Including Part-Time Service. Court recognizes part-time service in calculating pension benefits, orders timely disbursement with interest.

9 Oct 2024

The Bombay High Court directed the State to process the pension for a retired teacher, Petitioner, including 50% of his prior part-time service as Shi...

High Court

Pensionary Benefits for Voluntarily Retired Employees Covered Under Grant-in-Aid Institutions. Employees who opt for voluntary retirement are entitled to pensionary benefits if their institution was on a Grant-in-Aid basis at the time of retirement, even if it was non-grant initially.

7 Oct 2024

Rule Made Returnable (Para 1-2) The petitioner, a full-time lecturer in the Agricultural Development Trust, was appointed in 1993. The institut...

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