https://www.taxtmi.com/caselaws?id=458562 Statutory deposit was to be released to the respondent in terms of the Supreme Court's direction, with the deposited sum of Rs. 7.5 crores carrying accrued interest and no re-examination of the underlying merits. The ancillary direction also required interest to be computed at 12%, and the execution proceedings were to stand closed once proof of payment was produced before the concerned court. The High Court therefore implemented the higher court's mandate by directing the Registry to release the deposit with interest and recognising closure of execution on compliance. en-us Wed, 11 Oct 2023 00:00:00 +0530 Wed, 06 Nov 2024 19:52:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458562 Statutory deposit was to be released to the respondent in terms of the Supreme Court's direction, with the deposited sum of Rs. 7.5 crores carrying accrued interest and no re-examination of the underlying merits. The ancillary direction also required interest to be computed at 12%, and the execution proceedings were to stand closed once proof of payment was produced before the concerned court. The High Court therefore implemented the higher court's mandate by directing the Registry to release the deposit with interest and recognising closure of execution on compliance. Case-Laws Indian Laws Wed, 11 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458562