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interest.
Current rate of interest would be interest as defined in Section 2(b)
of the Interest Act. A Division ... rate of interest to be awarded, he is entitled to award reasonable rate
of interest. The only prohibition is that
Bombay High Court
rate of interest payable, the learned single
Judge held that it would be appropriate if interest is awarded ... wherein this Court reduced the
rate of interest awarded by the Arbitrator from eighteen per cent to six
per cent
Supreme Court of India
accept the
contention that award of interest on interest i.e. compound interest is
contrary to public policy of India ... regard to the interest from the date of award, or does not specify the
rate of interest from the date
Supreme Court of India
wide discretion is
given to the Tribunal for awarding rate of interest while granting the
amount of compensation. Motor Vehicles ... opinion that the Tribunal has
seriously erred in awarding rate of interest of 6 per cent only in a
serious
Gujarat High Court
prospective loss of earning.
(3) That the rate of interest awarded at the rate of 6 per cent per
annum ... award of
interest. The Tribunal has awarded interest at the rate of 6 per cent
per annum from the date
Gujarat High Court
regard to the interest from
the date of award, or does not specify the rate of interest from the
date ... much lower rate, if the
award is silent in regard to post-award interest, the claimant will
be entitled
Punjab-Haryana High Court
Interest to be
awarded on the compensation amount - - What is the reasonable rate?
Varying rates of interest were being awarded ... while granting interest on the compensation
amount awarded, the Tribunal or the Court shall award the rate of interest,
which
Andhra High Court
exercise, its discretion in awarding interest pendente lite and
post-decree interest at a lower rate or may even decline ... business purpose, the contract
rate of interest (excluding penal interest) can be awarded towards
future interest
Kerala High Court
appellant Insurance Company has challenged only the rate
of interest awarded by the Tribunal, it is not necessary ... even make any
grievance about the rate of interest awarded by the High Court. Besides
in its decision dated
Gujarat High Court
case of injured.
The amount awarded as compensation will
carry interest at the rate of 9% per annum
from ... interference.
19. The Claims Tribunal has awarded interest at the rate of
9% per annum, which is reasonable in terms
Delhi High Court
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