2020 (2) TMI 1515

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..... nto effect and by virtue of such default clause, the appellant is liable to pay interest at the rate of 12 per cent per annum from October 10, 2017 till repayment. At the suggestion of the Court and completely without prejudice, the respondent has agreed to receive ₹ 10.83 crore, together with interest at the rate of seven per cent per annum from October 10, 2017 till full payment is dischar .....

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..... om date, along with inspection of the original title deeds, so that the respondent can satisfy itself as to the security. The decree provided for the payment of a sum of ₹ 10.83 crore. The amount was to be paid by a certain date. Such date has passed. The default clause in the decree has come into effect and by virtue of such default clause, the appellant is liable to pay interest at the .....

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