2025 (5) TMI 292

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....of Section 132 B (4) (b) read with Section 244A (1) (b), the petitioner is further found entitled to interest at the rate of 1 and 1/2 per cent per month from the expiry of 20 days from the last authorization issued against him, arising from the seizure/detention of Rs. 32,34,600/- made by the police authorities, on 03.06.1998. Thus the petitioner would be entitled to a refund of Rs. 16,00,000/- together with interest as above. The interest at that rate would be applied from that start date, up to the date of actual payment made to the petitioner, on the amount of 16,00,000/- only. As to the balance amount of the other persons namely Sri Ram Kirshna Agarwal (vis-a-vis for seizure of Rs. 8,00,000/-) and Sri Deepak Kumar Aga....

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....od '20' days appearing in fourth line of the second paragraph of the page number 3 of the order dated 06.10.2021 is corrected to read '120' days. 4. As to the second correction prayed to correct the rate of interest 1.5%, the same is declined. 5. Keeping in mind the interest liabilities that arise under Section 132B(4)(b) read with Section 244A(1)(b) of the aforesaid Act, in exercise of jurisdiction under Article 226 of the Constitution of India, the Court had provided for interest payment at the rate of 1 and 1/2 per cent (cumulatively). That being the exercise on merits, no error is shown to exist on the face of record as may require correction. 6. Accordingly, application is disposed of. It i....