Supreme Court allows interest on equitable grounds at 18% per annum. The Supreme Court dismissed the special leave petition, affirming that interest may be awarded on equitable grounds in suitable circumstances, with a ...
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Supreme Court allows interest on equitable grounds at 18% per annum.
The Supreme Court dismissed the special leave petition, affirming that interest may be awarded on equitable grounds in suitable circumstances, with a deemed reasonable rate of eighteen per cent per annum. The judgment referenced was in the case of Ghaziabad Development Authority vs. Union of India (2000 (6) S.C.C.113).
The Supreme Court dismissed the special leave petition, stating that interest can be awarded on equitable grounds in appropriate cases, with the rate of eighteen per cent per annum deemed reasonable. The judgment cited was Ghaziabad Development Authority vs. Union of India (2000 (6) S.C.C.113).
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