https://www.taxtmi.com/caselaws?id=112113 The court dismissed both applications seeking direction for payment of interest on earnest money deposited during a sale process. The applicants' earnest money was refunded without interest as stipulated in the sale notice, which specified no interest if bids were not accepted. Despite citing legal precedents for interest payment, the court found no merit in the claim, noting the applicants' awareness of the sale conditions and their failure to initially claim interest. With the properties sold and no remaining assets for interest, the court concluded the applicants were not entitled to interest, emphasizing adherence to sale notice conditions and the principle of waiver in legal claims. en-us Fri, 22 Feb 2008 00:00:00 +0530 Thu, 11 Dec 2014 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112113 The court dismissed both applications seeking direction for payment of interest on earnest money deposited during a sale process. The applicants' earnest money was refunded without interest as stipulated in the sale notice, which specified no interest if bids were not accepted. Despite citing legal precedents for interest payment, the court found no merit in the claim, noting the applicants' awareness of the sale conditions and their failure to initially claim interest. With the properties sold and no remaining assets for interest, the court concluded the applicants were not entitled to interest, emphasizing adherence to sale notice conditions and the principle of waiver in legal claims. Case-Laws Companies Law Fri, 22 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112113