S.MUKERJEE
SANYUKT NIRMATA – Appellant
Versus
DELHI DEVELOPMENT AUTHORITY – Respondent
( 1 ) THE short point which arises for consideration in this case is whether the Judgment debtor/ DDA has satisfied the decretal amount which fell due under the decree.
( 2 ) THE position, as has crystalised between the parties, and as relied upon by both the learned counsel, is contained in Annexure A to the reply filed by delhi Development Authority to EA NO. 338/2000.
( 3 ) IT is admitted by Delhi Development authority that the award amount alongwith interest upto ex-P. No. 50/1999. the date of award, was Rs. 5,22,002. 62/-, which figure is also accepted by learned counsel for the Decree Holder.
( 4 ) THEREAFTER however while calculating the interest @ 12% for the period from 22. 1. 92 ( the day after the date of Award), till 17. 11. 99 (which was the date of deposit of amount in this Court), the Delhi development Authority went on to calculate the interest only on the awarded principal amount of Rs. 4,06,214. 58/-, and not upon the total awarded amount inclusive of interest upto the date of Award (viz. not on rs. 5,22,002. 62 ).
( 5 ) DUE to the above said difference in the base figure for computation of interest, an amount of rs. 1,17. 000. 00/- is still outstanding
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.