Aditya Mass Communications (P) Ltd. vs A.P.S.R.T.C.

The Supreme Court held that the High Court erred in reducing the interest on the earnest money deposit from 12% to 9%, emphasizing that the respondent retained the appellant's money without authority, necessitating appropriate compensation. The Court reinstated the trial court's award of 12% interest, stating that the quantum of interest should be determined by the facts of the case rather than precedent unless limited by statute. The appeal was allowed, restoring the original interest rate and awarding costs of Rs. 15,000.