cent per annum
(simple interest). The learned single Judge reduced the rate of
interest to 9 per cent per annum (simple interest).
36. In respect ... comparatively declining interest regime for some portion of the
time. However, an interest of 15 per cent per annum (simple
interest) would meet the ends
simple interest in case payment
is made within one month, failing which, interest would be
chargeable at 12% p.a. simple interest.
Conclusion ... simple interest from 10.05.1996 till
realization, failing which, interest would stand increased from
6% p.a. to 12% p.a. simple interest as per para
thus of the view that the petitioner is entitled to simple interest @ 12 per cent per annum from 1.6.1997 till the date of decree ... minus Rs. 7,97,437) and entitled to simple interest @ 12 per cent per annum from 1.10.2002 till the date of decree on the amount
Taneja awarding a sum of Rs. 1,55,650/- plus simple interest @ 15 per cent per annum from 16.5.1985 till the date of payment ... Insofar as the issue of interest is concerned, this Court has been awarding interest @ 12 per cent per annum (simple interest) for the past taking
that since
these monies have remained blocked, the monies should carry simple
interest @ 9% per annum.
44. Insofar as the security deposit is concerned ... appellants:
i. Security deposit, if not already refunded, with simple
interest @ 9% per annum from the date it ought to have been
refunded after
Milkfood Limited vs Union Bank Of India on 26 July, 2007
Equivalent citations: 2007(2
decree and at the rate of 9 per cent per annum simple interest from the date of decree till date of realisation, which is accepted ... court with the modification that the petitioner is entitled to simple interest at the rate of 12 per cent per annum instead of awarded amount
cent simple interest per annum. The plaintiff is therefore held entitled to interest at the rate of 9 per cent simple interest per annum ... along with interest at the rate of 9 per cent simple interest per annum w.e.f. 27-11-1997 till payment thereof
Mohan Lal Ahuja & Ors vs Tarun Chandra on 28 November, 2008
Author: Sanjay Kishan
such that reasonably compensates the parties. Twelve per cent simple interest was deemed to be proper. Learned Counsel then submits that the claim ... case (supra) to substantiate that even 12% p.a. simple interest was held to be reasonable. Thus, 9% p.a. interest can hardly be held
