https://www.taxtmi.com/caselaws?id=198114 Money paid and withdrawn by mistake is recoverable under restitution, and the recipient cannot retain sums received without a corresponding entitlement. Where the mistaken receipt creates a fiduciary obligation to restore the money, pre-suit interest may be claimed under the Interest Act from the date the mistaken credit arose, with the rate linked to prevailing bank deposit rates. Post-suit interest may be awarded under the Code of Civil Procedure at the ordinary rate where the transaction is not commercial. The document states that the mistaken amount was recoverable together with interest at the specified rates, and the decree was modified accordingly. en-us Thu, 30 Apr 1987 00:00:00 +0530 Tue, 23 Jan 2018 15:01:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198114 Money paid and withdrawn by mistake is recoverable under restitution, and the recipient cannot retain sums received without a corresponding entitlement. Where the mistaken receipt creates a fiduciary obligation to restore the money, pre-suit interest may be claimed under the Interest Act from the date the mistaken credit arose, with the rate linked to prevailing bank deposit rates. Post-suit interest may be awarded under the Code of Civil Procedure at the ordinary rate where the transaction is not commercial. The document states that the mistaken amount was recoverable together with interest at the specified rates, and the decree was modified accordingly. Case-Laws Indian Laws Thu, 30 Apr 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198114