Supreme Court Denies Interest Relief, Grants Stay on Penalty: Appellants Required to Deposit 50% within 6 Weeks. The Supreme Court denied relief on interest to the appellants but granted a stay on penalty and redemption fine under Sections 114-A and 125. The ...
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Supreme Court Denies Interest Relief, Grants Stay on Penalty: Appellants Required to Deposit 50% within 6 Weeks.
The Supreme Court denied relief on interest to the appellants but granted a stay on penalty and redemption fine under Sections 114-A and 125. The appellants were required to deposit 50% within six weeks, failing which the respondents could recover the full penalty and redemption fine.
The Supreme Court ruled that the appellants are not entitled to relief on interest but granted a stay on penalty and redemption fine under Sections 114-A and 125, subject to the deposit of 50% within six weeks. Failure to make the deposit allows the respondents to recover the full penalty and redemption fine.
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