tariff at which payments were already made together with simple
interest at the rate of 10% per annum.
(xi) This came to be challenged before ... fixed and the tariff at which payment was made together with simple
interest at the rate of 10% per annum. At Para 44, the Tribunal
view that the Bank would be entitled to
charge simple interest right from the date of grant of loan at the
rate ... each one of the farmers along with the simple
interest at the rate of 12% per annum from the date of advancing
of loan till
Scheme] shall credit the
difference between compound interest
and simple interest in the respective
accounts of eligible borrowers for the
period between ... grant of ex-gratia payment of
difference between compound interest and
simple interest for six months to
borrowers in specified loan accounts
entitled to receive, in additio n to the
said amount, simple interest thereon calculated in the
following manner, namely :--
(a) where the refund ... 115WJ , Sec. 199 , Sec. 206 and Sec. 209 , the simple interest is
calculated at the rate of one -half per cent from first
award to
actual date of
payment, at 10%
per annum
simple interest
on the all awards
of all claims
No.1 to 6.
7. Learned ... Court reduced the pendente lite interest awarded
@ 10% compounded monthly to simple interest @12% per annum. It is
further pointed out that
under the Construction
Agreement dated 11.12.1995. The Arbitrator has awarded only simple
interest @ 7.5% per annum, reckoned only from 20.01.2007, by applying
Usurious Loans ... Petitioner
cannot compound the interest. Even clause 3.2(a) does not enable
charging compound interest but only envisages simple interest.
38. The Arbitrator negatived
M/S. Ganpati Ad. Corporation vs Sh. Abhinav Aggarwal on 20 January, 2020
Ganpati Ad
Controlling Authority by
order dated 20.02.2014 directed the petitioner to pay
simple interest at the rate of 10% per annum from ... such gratuity, the
employer would be liable to pay simple interest at
such rate, not exceeding the rate notified by the
Central Government. The employer
Direct the Respondent licensee to claim interest, if any, at
simple interest @1.25% per month;
v. Pass such other and further orders, as the Commission ... word 'outstanding dues' for
calculating LPS @ 1.25 % per month simple interest has been
correctly done by the Respondent.
(iii) Whether Petitioner is liable
Sri. Muni Ajjappa vs National Insurance Co.Ltd on 18 December, 2020
BEFORE THE MEMBER
