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of <h1>Supreme Court of India Upholds Lower Courts' Decisions, Reduces Interest Rate, Discharges Bank Guarantee</h1> <h3>Punjab State Industrial Dev. Corp. Ltd. Versus Talwar Brothers (P) Ltd.,</h3> The Supreme Court of India dismissed the appeals and upheld the lower courts' decisions. The interest rate was reduced to 18% per annum, and the Bank ... - The Supreme Court of India dismissed the appeals, maintaining the lower courts' findings. The interest rate was reduced to 18% per annum, with payment due within three months. The Bank Guarantee was discharged.
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