Interim relief in profiteering dispute allows instalment payment of principal while interest demand remains stayed

The Delhi HC granted interim relief in a profiteering dispute by allowing the petitioner to deposit the principal profiteered amount in six equated monthly instalments commencing 01 September 2020. Following the approach in earlier similar matters, the Court stayed the interest component till further orders. The petition was not finally decided on merits at this stage, and the directions were confined to interim payment terms and suspension of interest recovery.

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Issues: Whether the petitioner should be permitted to deposit the principal profiteered amount in six monthly instalments and whether the interest component should be stayed till further orders.

Analysis: The petition was not finally decided on merits at this stage. On the interim request, the Court adopted the course followed in earlier similar matters and directed deposit of the principal profiteered amount in six equated monthly instalments commencing 01 September 2020. The interest component was stayed till further orders.

Conclusion: The petitioner obtained partial interim relief by being allowed to pay the principal amount in instalments and by obtaining stay of the interest demand.

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