1992 (11) TMI 94

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.... order dated 7-4-1992 made by the High Court of Delhi in C.R. No. 2032/1992 and connected cases disposing of a batch of writ petitions. This special leave petition is confined to the order insofar as it relates to C.R. No. 2032 of 1992. 2. Respondent Nos. 1 and 2 are the main contesting parties and are duly served. But, they have chosen to remain unrepresented. The question raised before the Hi....

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....e bank guarantees and the bonds to be enforced and took note of the fact that the petitioners had kept back the duty during the pendency of the proceedings, and felt persuaded to the view that, in the circumstances of the case, the respondents should be entitled to interest for the period during which the duties were withheld. The High Court felt that even after the matter was finally decided by t....

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....er submitted that the burden of the liability for interest, having regard to the rate at which and the period over which it is ordered to be paid, would cripple the petitioner's finance and industry. It was also submitted that till the pronouncement of this Court, the legality of the impost was uncertain and that the direction to pay interest for the period even prior thereto, would not be justifi....