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Accrued Interest claim beyond NCLT Orders was unsustainable
Case Law Details
- Case Name
- Jaypee Infratech Ltd. Vs Jaiprakash Associates Ltd. (NCLAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLAT
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Jaypee Infratech Ltd. Vs Jaiprakash Associates Ltd. (NCLAT Delhi)
Conclusion: Since JIL had already received the entire principal amount determined as its entitlement, and neither the interim nor the final orders of this Tribunal conferred any right to claim interest for the period preceding actual disbursement; since all accrued interest on the ₹750-crore deposit lawfully belonged to JAL and no specific direction for payment of interest to JIL was ever issued, the claim lacked legal foundation. Accordingly, the application stood dismissed with no further relief.
Held: JIL s...
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