Supreme Court of India · 2020-10-01
M/S ARUN KUMAR KAMAL KUMAR . vs M/S SELECTED MARBLE HOME .
- Citation / case number
- SC 2010/13204
- Court
- Supreme Court of India
- Petitioner
- M/S ARUN KUMAR KAMAL KUMAR .
- Respondent
- M/S SELECTED MARBLE HOME .
- Author
- HON'BLE MR. JUSTICE S. ABDUL NAZEER
- Bench
- HON'BLE MR. JUSTICE SANJIV KHANNA HON'BLE MR. JUSTICE S. ABDUL NAZEER
Judgment text excerpt
The Supreme Court addressed the appeal concerning the reduction of interest rate on an award made in favor of the respondents. The High Court had reduced the interest from 16% to 9% per annum, contingent upon the appellants paying the decretal amount by a specified date. The court upheld the High Court's decision while emphasizing the need for timely compliance with the payment terms to avoid reverting to the original award conditions.