2018 (10) TMI 1316

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..... t is also attracted under Rule 17 at the rate of 18% per annum. Since the appellant has paid within the extended period of time, we do not agree to the same. It is, therefore, made clear that all amounts of interest at the rate of 12/12.5% per annum from the date of maturity till the actual payment should be released to the depositors notwithstanding any other impediment in the way. The amount .....

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..... ounsel appearing on behalf of the appellant submits that all amounts have been paid to the depositors within the extended period of time. Learned counsel appearing on behalf of the respondent submits that the amounts have only been paid till the date of maturity and not to the date of actual payment. Mr. Upadhyay, on being apprised of this, submits that the appellant will pay interest at the rate .....

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