https://www.taxtmi.com/caselaws?id=103062 Delayed redemption of unit certificates attracted interest compensation because the redemption amounts were dispatched after the date they ought to have been paid, and the respondent's own policy provided for interest during the delay. The higher rate sought by the complainant was not accepted, so compensation was confined to 15% per annum and limited to the actual period of delay for each folio. Interest was calculated from 1-1-1994 to 19-2-1994 for folio No. 409877 and up to 26-3-1994 for the remaining folios. en-us Fri, 23 Feb 1996 00:00:00 +0530 Mon, 18 Feb 2013 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103062 Delayed redemption of unit certificates attracted interest compensation because the redemption amounts were dispatched after the date they ought to have been paid, and the respondent's own policy provided for interest during the delay. The higher rate sought by the complainant was not accepted, so compensation was confined to 15% per annum and limited to the actual period of delay for each folio. Interest was calculated from 1-1-1994 to 19-2-1994 for folio No. 409877 and up to 26-3-1994 for the remaining folios. Case-Laws Companies Law Fri, 23 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103062