https://www.taxtmi.com/caselaws?id=106196 The Delhi High Court held that a direction granting further interest on an amount of interest already payable was unsustainable because the Interest Act, 1978 prohibits interest upon interest. The additional sum had not been sought in the writ petition and was not agreed to by the respondent, so the earlier order had been passed without noticing the statutory bar. The court therefore recalled and modified that order and extended the time for payment of the principal interest amount. en-us Mon, 12 Apr 1999 00:00:00 +0530 Tue, 13 Mar 2012 11:51:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106196 The Delhi High Court held that a direction granting further interest on an amount of interest already payable was unsustainable because the Interest Act, 1978 prohibits interest upon interest. The additional sum had not been sought in the writ petition and was not agreed to by the respondent, so the earlier order had been passed without noticing the statutory bar. The court therefore recalled and modified that order and extended the time for payment of the principal interest amount. Case-Laws Companies Law Mon, 12 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106196