https://www.taxtmi.com/caselaws?id=461261 A deposit made in an appellate court as a condition for stay does not, by itself, amount to payment to the decree-holder under Order XXI Rule 1. Cessation of interest depends on payment in the prescribed manner, and where court deposit is relied on, the rule's notice requirements must also be met. Because the amount remained deposited in the appeal and was neither tendered nor made available to the decree-holder within the stipulated six weeks, the condition for remission of interest was not satisfied. The deposit therefore did not amount to satisfaction of the decree or stop further accrual of interest, and refund on that basis was not available. en-us Mon, 16 Mar 2009 00:00:00 +0530 Tue, 25 Mar 2025 16:10:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461261 A deposit made in an appellate court as a condition for stay does not, by itself, amount to payment to the decree-holder under Order XXI Rule 1. Cessation of interest depends on payment in the prescribed manner, and where court deposit is relied on, the rule's notice requirements must also be met. Because the amount remained deposited in the appeal and was neither tendered nor made available to the decree-holder within the stipulated six weeks, the condition for remission of interest was not satisfied. The deposit therefore did not amount to satisfaction of the decree or stop further accrual of interest, and refund on that basis was not available. Case-Laws Indian Laws Mon, 16 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461261