https://www.taxtmi.com/caselaws?id=109291 The Supreme Court adjusted the interest rate to 10% per annum from March 1998 to 2003, emphasizing fair compensation for shareholders without penalizing the acquirer. Shareholders eligible for interest were those holding shares from the triggering date to the public offer closure. Dividends received during the delay were to be adjusted against the interest to prevent double benefits. The Court affirmed the Administrator's right to interest due to statutory succession, ensuring equitable treatment. The judgment aimed to balance shareholder compensation with equity and statutory principles, modifying the Tribunal's decision accordingly. en-us Wed, 25 Aug 2004 00:00:00 +0530 Wed, 15 Apr 2020 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109291 The Supreme Court adjusted the interest rate to 10% per annum from March 1998 to 2003, emphasizing fair compensation for shareholders without penalizing the acquirer. Shareholders eligible for interest were those holding shares from the triggering date to the public offer closure. Dividends received during the delay were to be adjusted against the interest to prevent double benefits. The Court affirmed the Administrator's right to interest due to statutory succession, ensuring equitable treatment. The judgment aimed to balance shareholder compensation with equity and statutory principles, modifying the Tribunal's decision accordingly. Case-Laws Indian Laws Wed, 25 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109291