Kerala Financial Corp vs C.G.Narayanan

The Supreme Court dismissed the special leave petition challenging the concurrent findings of the lower courts regarding the entitlement of the respondent to an enhanced rate of interest over 5.5% per annum, relying on the precedent set in P.J. Mathew v. Kerala Financial Corporation (1989) 1 KLT 904. The Court noted that the earlier SLP challenging the Kerala High Court's judgment was also dismissed, affirming the lower courts' decisions. The dismissal indicates that the legal principle established is that the enhanced interest rate claim was valid based on the cited precedent.