https://www.taxtmi.com/caselaws?id=113431 An auction purchaser was treated as entitled to interest on the refunded sale price after the auction sale was set aside, because the claim arose only once the principal was ordered returned and the purchaser had neither obtained possession of the property nor enjoyed the use of the deposited funds. The court rejected the objection based on Order 2 Rule 2(2) CPC, treating the application as one for clarification rather than a barred fresh claim. Interest was recognised as compensation for deprivation of the use of money while the amount remained with the holder in fixed deposits. en-us Fri, 14 May 2010 00:00:00 +0530 Tue, 07 Oct 2014 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113431 An auction purchaser was treated as entitled to interest on the refunded sale price after the auction sale was set aside, because the claim arose only once the principal was ordered returned and the purchaser had neither obtained possession of the property nor enjoyed the use of the deposited funds. The court rejected the objection based on Order 2 Rule 2(2) CPC, treating the application as one for clarification rather than a barred fresh claim. Interest was recognised as compensation for deprivation of the use of money while the amount remained with the holder in fixed deposits. Case-Laws Companies Law Fri, 14 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113431