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Apeejay Surrendra Park Hotels Limited vs New Delhi Municipal Council And Anr. on 3 April, 2002

13. It is not the petitioner's case that rate of interest has not been prescribed as envisaged in Sub-section (2A) of Section 7. Even if rate has not been prescribed, the Estate Officer cannot travel beyond the maximum rate of interest as stipulated in Section 2(b) of the Interest Act. Even if that was to be the contention, the same stand settled by a judgment of this Court in Apeejay Surrendra Park Hotels Limited v. New Delhi Municipal Council and Anr.,
Delhi High Court Cites 9 - Cited by 2 - M A Khan - Full Document
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