9911796707
TMI Blog2003 (7) TMI 5X X X X Extracts X X X X X X X X Extracts X X X X ..... sion of the property, while setting aside the decision of the Division Bench in so far as it did away with the grant of interest, we reduce the rate of interest from 15% to 7 ½ per cent. - - - - - Dated:- 25-7-2003 - Judge(s) : MRS. RUMA PAL. and P. VENKATARAMA REDDI. ORDER Leave granted. The only question in these appeals is whether the appellant-authority should have been paid the i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n turn were to return the purchase price together with interest calculated thereon at 15 per cent. per annum. The appellant did not impugn this order by way of an appeal. The respondent owners did. They were aggrieved by the direction of the learned single judge relating to the grant of interest. The grievance of the respondents was upheld by the Division Bench and the direction of the learned s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d to the fact that the respondents had enjoyed the amount during the relevant period of time. However, since technically speaking the appellant was in possession of the property, while setting aside the decision of the Division Bench in so far as it did away with the grant of interest, we reduce the rate of interest to seven and half per cent. which is to be calculated for the period commencing wi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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