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Interest Act, 1839

7 judgments · newest first · showing 1–7

UNION OF INDIAversusPARMAL SINGH & ORS.

2008 INSC 1349Dismissed

The lands of Parmal Singh and others were requisitioned by the Central Government in 1963 under the Defence of India Act, 1962 and subsequently acquired in 1965. The Special Land Acquisition Officer fixed compensation, which the owners contested, leading to arbitration awards that included interest. …

SOVINTORG (INDIA) LTD.versusSTATE BANK OF INDIA, NEW DELHI

1999 INSC 319Case Partly allowed

Sovintorg (India) Ltd. deposited a cheque for Rs 1 lakh with State Bank of India in June 1983; although the cheque was cleared, the proceeds were not credited to its account for seven years. The company claimed compensation, damages and 24% interest under the Consumer Protection Act, 1986. The State …

M/S. M.K. SHAH ENGINEERS AND CONTRACTORSversusSTATE OF MADHYA PRADESH

1999 INSC 45Case Partly allowed

The contractors M.K. Shah Engineers and Chabaldas & Sons were engaged by the State of Madhya Pradesh to construct the Barna Main Dam. Their contracts contained an arbitration clause requiring a prior decision by the Superintending Engineer (SE) and a 28‑day notice to challenge it before arbitration …

M/S. DURGA RAM PRASADversusGOVT. OF ANDHRA PRADESH

1994 INSC 539Dismissed

The appellant, a contractor, entered into a contract to construct a food‑grains godown for the Government of Andhra Pradesh. The engineer withheld part of the payment alleging that the work was not executed as per the contract. The dispute was referred to an arbitrator who awarded the contractor the …

EXECUTIVE ENGINEER IRRIGATION GALIMALA & ORS.versusABAADUTA JENA

1987 INSC 259Disposed off

The Supreme Court examined whether an arbitrator, appointed without court intervention, could award interest for the period before the reference and for the pendente lite period of the arbitration. It held that an arbitrator is not a court within the meaning of CPC s.34 and therefore cannot award …

HIRACHAND KOTHARI (DEAD) THROUGH LRS.versusSTATE OF RAJASTHAN & ANR.

1985 INSC 136Appeal(s) allowed

The appellant entered into a 1951 deed of exchange with the State of Rajasthan for a plot swap, but the State failed to deliver the exchanged plot. The appellant sued for possession and compensation; interrogatories revealed the exchanged plot had been transferred to a third party and his original …