https://www.taxtmi.com/caselaws?id=296558 The Supreme Court allowed the appeal, setting aside the High Court's order. The Court directed the Appellants to pay simple interest at 24% p.a. on the agreed amount from the Lok Adalat award date to the last payment date. Additionally, the Appellants were ordered to pay an additional Rs. 10 lakhs as compensation and costs to the Bank within 45 days. Failure to comply would permit the Bank to proceed with auctioning the mortgaged property. en-us Wed, 17 Jan 2018 00:00:00 +0530 Wed, 28 Jul 2021 08:48:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296558 The Supreme Court allowed the appeal, setting aside the High Court's order. The Court directed the Appellants to pay simple interest at 24% p.a. on the agreed amount from the Lok Adalat award date to the last payment date. Additionally, the Appellants were ordered to pay an additional Rs. 10 lakhs as compensation and costs to the Bank within 45 days. Failure to comply would permit the Bank to proceed with auctioning the mortgaged property. Case-Laws Indian Laws Wed, 17 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296558