https://www.taxtmi.com/caselaws?id=197800 The Supreme Court set aside the High Court's decision and directed that the additional premium should be calculated based on the rate prevalent on February 27, 1981. Interest on the additional premium was to be charged from April 12, 1984. The respondents were provided with the facility to pay the amounts in installments with specified interest rates. The court also held that the respondents would be liable to pay misuse charges until April 12, 1984, after which they would pay the conversion charges. The appeal was allowed with no order as to costs. en-us Tue, 23 Oct 1990 00:00:00 +0530 Tue, 16 Jan 2018 12:57:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197800 The Supreme Court set aside the High Court's decision and directed that the additional premium should be calculated based on the rate prevalent on February 27, 1981. Interest on the additional premium was to be charged from April 12, 1984. The respondents were provided with the facility to pay the amounts in installments with specified interest rates. The court also held that the respondents would be liable to pay misuse charges until April 12, 1984, after which they would pay the conversion charges. The appeal was allowed with no order as to costs. Case-Laws Companies Law Tue, 23 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197800