https://www.taxtmi.com/caselaws?id=103383 The court found in favor of the respondents in a case involving delayed delivery of unit certificates by Unit Trust of India (UTI), leading to financial losses. The court determined that the respondents were entitled to compensation for their actual loss incurred due to the non-delivery of unit certificates. UTI was directed to pay Rs. 8,500 each to the respondents, along with interest, as fair compensation. The judgment emphasized the need to quantify actual financial impact rather than speculative damages, highlighting the importance of assessing tangible losses in such cases. en-us Fri, 24 Jan 1997 00:00:00 +0530 Mon, 18 Feb 2013 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103383 The court found in favor of the respondents in a case involving delayed delivery of unit certificates by Unit Trust of India (UTI), leading to financial losses. The court determined that the respondents were entitled to compensation for their actual loss incurred due to the non-delivery of unit certificates. UTI was directed to pay Rs. 8,500 each to the respondents, along with interest, as fair compensation. The judgment emphasized the need to quantify actual financial impact rather than speculative damages, highlighting the importance of assessing tangible losses in such cases. Case-Laws Companies Law Fri, 24 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103383