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Adjudicating authority ordered to pay 12% annual interest on delayed refund of pre-deposit, calculated from original deposit date.

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Full Text of the Document

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....Interest on delayed refund of pre-deposit - Relevant date for calculation of refund - The adjudicating authority is directed to grant interest from the date of deposit till the date of grant of refund @12% per annum. Such interest on refund should be granted within a period of sixty (60) days from the date of receipt of service or a copy of this order. - AT....