Pre-deposits: strict adherence to refund procedure required; deviations viewed strictly and no implied interest entitlement. Clarification states that prior circular wording incorrectly suggested entitlement to interest on delayed refunds of pre-deposits where no statutory provision exists; the wording is corrected to state that 'Any deviation from the procedure explained hereinabove shall be viewed strictly,' and field formations and trade associations are to be informed with acknowledgement of receipt.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Pre-deposits: strict adherence to refund procedure required; deviations viewed strictly and no implied interest entitlement.
Clarification states that prior circular wording incorrectly suggested entitlement to interest on delayed refunds of pre-deposits where no statutory provision exists; the wording is corrected to state that "Any deviation from the procedure explained hereinabove shall be viewed strictly," and field formations and trade associations are to be informed with acknowledgement of receipt.
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