claims on account of final work done, interest payable on
withheld payments, losses and damages sustained due to delay in the
completion of Bridge were ... Work done bill = Rs. 180.00 lacs.
2. Interest payable on withheld payments = Rs. 518.65 lacs.
3. Payments due on losses/damages sustained due to delay
defendant was without a
reasonable cause, when it chose to withheld payment
duly accrued to the respondent.
6.1 It was accordingly held that the suit ... transaction
during the suspect spell, for making such payments.
VIII. ENTITLEMENT FOR INTEREST ON DELAYED PAYMENT AND
PENDENTE LITE INTEREST:
Page
Clause 12.3 of the GCC, which
expressly provided for payment of interest on the amounts withheld.
The Arbitral Tribunal was of the view that ... third parties in
connection with the contract and not on payments withheld.
71. It is well settled that the question of construction of a contract
need of money and was facing financial
stress and Ircon had withheld certain payments due to the respondent,
in addition to levying liquidated damages ... Page 13 of 19
Signing Date:25.03.2022
10.57 The Respondent had withheld certain
payments and had also recovered amount on
account of Liquidated Damages which
Hospital', and that the `Corporate Debtor' had purposefully
withheld the payments, due to it, in respect of the period from
assessee submitted that no tax is required to be withheld on
payments to be made to HCSL as the remittance is towards the prorated
share ... clauses of SOA
held that tax is not required to be withheld on payments to HSCL by
recording the following findings:-
"6.2.2 On careful
contract. Payment shall be made promptly by the purchaser not later than
sixty days after submission of an invoice or request for payment ... clear the total dues of the petitioners. KMC arbitrarily withheld
payments from the bills.
In March, 2014 KMC floated fresh tender for providing service
widely discussed the issue of entitlement of interest on the delayed
payment of retiral benefits, pension etc. particularly, the reference
may be had to para ... needless to mention that the respondents
have erroneously withheld payment of gratuity amount for
which the appellants herein are entitled in law for payment
said rules, the payment of gratuity shall
be authorised to be paid to the railway servant.
(2) Payment of provisional pension made under
sub-rule ... interest" is ordinarily claimed from
an assessee who withheld payment of any tax payable by
him and it is always calculated at the prescribed
needless to mention that the respondents have
erroneously withheld payment of gratuity amount for which the
appellants herein are entitled in law for payment ... payment is due to
the fault of the employee, and the employer has obtained
permission in writing from the controlling authority for the
delayed payment
