https://www.taxtmi.com/caselaws?id=280413 The Court granted a decree in favor of the Plaintiff in the Summary Suit against the Defendant for recovery of a specific sum along with interest and costs. The Defendant's non-payment despite admitting the outstanding amount, acceptance of liability without immediate payment, and dispute over interest payment led to the Court ruling in favor of the Plaintiff. The Court emphasized the importance of honoring contractual obligations and found the Defendant's defenses unjustified, modifying the interest rate to 18% per annum. en-us Mon, 01 Oct 2012 00:00:00 +0530 Sat, 04 May 2019 10:59:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280413 The Court granted a decree in favor of the Plaintiff in the Summary Suit against the Defendant for recovery of a specific sum along with interest and costs. The Defendant's non-payment despite admitting the outstanding amount, acceptance of liability without immediate payment, and dispute over interest payment led to the Court ruling in favor of the Plaintiff. The Court emphasized the importance of honoring contractual obligations and found the Defendant's defenses unjustified, modifying the interest rate to 18% per annum. Case-Laws Indian Laws Mon, 01 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280413