Plot -- Allotment of industrial plot - Resumption due to no, construction with stipulated time - Construction of building and commencement of production are integral part of terms and conditions of order of allotment - Buildings were not constructed for 20 long years after allotment despite being a clear stipulation in allotment letter requiring completion of construction..........
Consumer Protection Act, 1986, Section 23 -- Allotment of flat - Delay in handing over possession - Compensation/interest - Agreement provided for delivery of possession by 31.10.2013 - Delay occurred because of various legal impediments in timely completion of project - Builder held, liable to pay interest to purchaser by way of compensation - Delay ought to be computed..........
Arbitration and Conciliation Act, 1996, Section 31(7) -- Arbitral award - Interest - In international commercial arbitration, in absence of an agreement between parties on interest, rate of interest awarded would be governed by seat of arbitration - Rate of interest awarded must correspond to the currency in which award is given and must be in conformity with the laws in..........
Arbitration and Conciliation Act, 1996, Section 31(7) -- Arbitral award - Rate of interest - Award of interest for pre-reference and pendente lite period is subject to agreement between parties - However, in the absence of agreement between parties, Tribunal has discretion to award interest as it deems reasonable...........
Arbitration and Conciliation Act, 1996, Section 31(7) -- Arbitral award - Rate of interest - Post award period - Interest on post award period is not subject to agreement between parties - Statutory rate of interest is 2% higher than current rate of interest prevalent on date of award...........
Arbitration and Conciliation Act, 1996, Section 31(7) -- Arbitral award - Rate of interest - Dual rate of interest has been awarded by Tribunal i.e payment of interest @ 9% for 120 days post award and if amount awarded is not paid within 120 days, rate of interest is scaled up to 15% on sum awarded - Award of a much higher rate of interest after 120 days is arbitrary,..........
Land Acquisition Act, 1894, Section 18, 23 -- Acquisition of land - Enhancement of compensation - Court has granted compensation at the rate of Rs.297 per sq.yard in respect of the land situated in the same village and covered by the same notification - Therefore, it is only just and reasonable that claimants are also granted same compensation...........
Maharashtra Rent Control Act, 2000, Section 15 -- Suit for eviction - Challenge against order of eviction - Claim for arrears of rent - Petitioner/tenant raising a dispute about the quantum of rent - Nothing on record to show that the petitioner deposited arrears for the said period at rate of rent claimed by him or rate fixed by Trial Court in its order within a period of..........
Civil Procedure Code, 1908, Order 20, Rule 12, Indian Contract Act, 1872, Section 73, 74 -- Mesne profits - Lease deed - Actual rate of prevailing rent - No evidence led as to what was actual rate of prevailing rent for grant of mesne profits at a rate higher than agreed rent - Lease deed in question also does not provide for a figure of Rs.48,000 p.m to be granted as..........
Railways Act, 1989, Section 20A, 20H(5), 20G, 17, Arbitration and Conciliation Act, 1996, Section 9 -- Acquisition of land for special railway project - Interim award of compensation granted by arbitrator - Objection as to report of Committee showing that Government published jantri rates ranges from Rs.60 to Rs.310/- per sq.mtrs. depending on category of land - Arbitrator..........
