Pay Interest @6% for Non-Payment as per Court Order: Telangana HC

IVRCL- Navayuga-Sew (JV) Vs State of Telangana (Telangana High Court) Telangana High Court directed payment of interest @ 6% for non-payment of principal amount as directed by the Court for price adjustment towards Labour and other material. Notably, interest is payable from date of expiry of time granted by Court till the date of payment. Facts- This writ petition is filed aggrieved by the action of the respondents in not releasing the admitted and approved amount of Rs.80,26,24,011/- (Rupees eighty crores twenty six lakhs twenty four thousand and eleven only) to the petitioner (Joint Venture...