Supreme Court of India
Nepa Limited through its Senior Manager (legal) v. Manoj Kumar Agrawal
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1 Supreme Court bench has cited this judgment.
What the Court ordered
We hold that the appellant would be liable to pay interest @ the rat e of 18% on Rs.9,13,483.00/9,30,300.0010 (the exact amount to be calculated and determined by the executing court) with effect from 08.11.2001 till the payment was/is made.
Judgment, page 10
From the headnote
Code of Civil Procedure, 1908 – Order XXI, Rule 1 – Arbitration and Conciliation Act, 1996 – ss. 34 and 37 – Interest on award – By award dated 14.04.2000, appellant was held liable to pay Rs. 14,49,300/- to respondent with interest @ rate of 18 % per annum from date of award, till payment – Objections filed by appellant u/s.34 were dismissed – Appeal filed u/s.37 – High ourt passed order whereby, on appellant depositing 50% of the awar ded amount within 10 days from date of the order before executing c ourt, the execution proceedings for the balance amount were to remain stayed – Respondent
Authorities it was built on
Where later benches applied it
Of those, 1 referred to
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