Interest Archives

COVID-19 Second Wave | Financial relief a policy matter; Similar order already passed: SC refuse to entertain plea seeking loan moratorium extension

Supreme Court: The bench of Ashok Bhushan and MR Shah, JJ has refused to pass any direction in the petition seeking effective

Case Briefs Supreme Court

Loan Moratorium Case| Supreme Court says no to total waiver of interest and extension of moratorium period but directs full waiver of compound interest

There was no justification shown by the Government to restrict the relief of not charging interest on interest with respect to the loans up to Rs. 2 crores only and that too restricted to only 8 categories.

Case Briefs Supreme Court

COVID-19| Seeking waiver of interest on interest for loan during the moratorium period? SC asks Govt to implement decision to forego compound interest on these 8 categories

Supreme Court: In a breather to customers in the case relating to waiver of interest on loan during the moratorium period, the

Case Briefs Tribunals/Commissions/Regulatory Bodies

CESTAT | Interest on delayed refund under the provisions of S. 27A of Customs Act, 1962 does not arise; Tribunal allows appeal

Customs, Excise and Services Tax Appellate Tribunal (CESTAT): P. Venkata Subba Rao (Technical Member) allowed an appeal which was filed against the

Case Briefs High Courts

Bom HC | In motor accident cases, is there a hard and fast rule to award interest from the date on which claim application is made? Law regarding S. 171 MV Act discussed

Bombay High Court: V.L. Achliya, J., while addressing the issue with regard to the interest on compensation awarded in a motor accident case,

Case Briefs Tribunals/Commissions/Regulatory Bodies

APTEL | Maintenance of Judicial discipline is part of judicial process; Tribunal directs implementation of order

Appellate Tribunal for Electricity (APTEL): A Division Bench of Manjula Chellur, J. (Member) and S.D. Dubey, (Technical Member) passed an order for

Case Briefs Tribunals/Commissions/Regulatory Bodies

SEBI | Relaxation may be granted from strict enforcement of Buy-Back Regulations if the same is in the interest of investors or securities market

Securities and Exchange Board of India: The Board comprising G. Mahalingam as Whole Time Member, allowed Oil India’s application seeking exemption/relaxation from

Case Briefs High Courts

Appeal against an order allowed as the party obtaining the order gave up interest therein

Madras High Court: A Single Judge Bench comprising of N. Seshasayee, J., allowed an appeal on the ground that the respondent gave

Case Briefs High Courts

Limitation Act does not apply to writ petitions; retired employee is entitled to receive interest on delayed pension: Cal HC

Calcutta High Court: A Single Judge Bench comprising of Arijit Banerjee, J. disposed of a writ petition by granting payment of interest

Case Briefs High Courts

Mesne profits, under Section 2(12) CPC, also include interest payable thereon; some honest guess work while calculation acceptable

Delhi High Court: A Single Judge Bench comprising of Valmiki Mehta, J. dismissed an appeal filed by the appellant-tenant impugning the judgment

Case Briefs Tribunals/Commissions/Regulatory Bodies

Every ‘interest’ on principal amount is not included in ‘debt’; application under Section 9 I&B Code rejected: NCLAT

National Company Law Appellate Tribunal (NCLAT): A two-member bench comprising of Justice S.J. Mukhopadhaya, Chairperson and Justice Bansi Lal Bhat, Member (Judicial),

Case Briefs High Courts

Grounds not urged in an appeal against arbitral award may not be raised in second appeal

Delhi High Court: A Division Bench comprising of G.S Sistani and V Kameswar Rao, JJ., dismissed an appeal under Section 37 of

Case Briefs High Courts

Interest earned on voluntary contributions made with specific directions to include contribution in corpus of charitable organization held to be exempted from income tax

Kerala High Court: A Division Bench comprising of Antony Dominic and Dama Seshadri Naidu, JJ. heard appeals dealing with the issue as

Case Briefs High Courts

Delay in payment of gratuity, entitled to get interest on that delay

Calcutta High Court: The petition has been filed by the primary school assistant teacher asking for interest on the gratuity amount which