Search Results for "reduction of interest"

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Search Results for "reduction of interest"

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Supreme Court

Supreme Court Restores Mortgage Decree with Reduced Interest Rate in A. B. Govardhan v. P. Ragothaman. In a pivotal judgment, the Supreme Court reinstates a lower court's mortgage decree, modifying the interest rate while emphasizing the validity of the mortgage agreement.

29 Aug 2024

The Supreme Court of India, in the case of A. B. Govardhan v. P. Ragothaman, overturned the decision of the Division Bench of the Madras High Court, ...

Supreme Court

Supreme Court Allows Complainant's Appeal in Medical Negligence Case Under Consumer Protection Act, 1986, Modifying Interest Rate and Imposing Costs for Misrepresentation. The court affirmed compensation of Rs. 2 Lakhs with 12% interest, holding that medical negligence was established as per Medical Council of India's final order, and set aside ex parte order based on false representation.

29 Jan 2024

The dispute arose from a consumer complaint filed by P.C. Jain against Dr. R.P. Singh for medical negligence, alleging loss of vision in his left eye ...

Supreme Court

Supreme Court Partially Allows Claimant's Appeal in Motor Accident Claim for Enhanced Compensation. Compensation for Pain and Suffering and Loss of Amenities Increased Due to Severe Brain Injuries and Permanent Coma Under Motor Vehicles Act, 1988.

25 Feb 2022

The appeal arose from a motor accident claim where the claimant, a 29-year-old process supervisor, sustained grievous brain injuries in an accident on...

Supreme Court

Supreme Court Dismisses Review Petitions in Labour Dispute Case Upholding Interest Rate Modification. Review Jurisdiction Not Invoked as No Error Apparent on Record Found Regarding Reduction of Interest from 12% to 8% Per Annum in Industrial Dispute Settlement.

30 Nov 2021

The Supreme Court dealt with review petitions filed in labour dispute cases involving the Chief Executive Officer, Zilla Parishad, Ahmednagar and othe...

Supreme Court

Supreme Court Dismisses Appeal Against Arbitral Award in Licence Agreement Dispute, Upholds Damages for Use and Occupation. Court holds that even if relationship is treated as tenancy, tenant is liable for rent/damages during closure period under Section 108 of Transfer of Property Act.

1 Oct 2020

The dispute arose from two licence agreements dated 27.08.1990 between the appellants (M/s Arun Kumar Kamal Kumar & Ors.) and the respondents (M/s Sel...

Supreme Court

Supreme Court Partially Allows Appeal in Arbitration Dispute Over Canal Construction Contract — Upholds Arbitrator's Award on Premium Rate at 93.12% for Extra Work, Remits Claim No.8 for Reconsideration, and Restores Interest at 12% Per Annum

14 Feb 2020

The dispute arose from a contract dated 05.02.1985 between Chandigarh Construction Co. Pvt. Ltd. (claimant) and the State of Punjab (opposite party) f...

Supreme Court

Supreme Court Allows Appeal and Restores 18% Interest in Arbitration Award Under Section 31(7)(b) of Arbitration and Conciliation Act, 1996. State Amendment to Repealed Act of 1940 Cannot Apply to Proceedings Under 1996 Act.

8 Aug 2019

The appellant, M/s Shahi and Associates, a registered partnership firm, entered into an agreement dated 08.07.1993 with the Superintendent Engineer, D...

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