SC Grants 8% Interest on Lost E-Stamp paper Refund, Citing Retention Doctrine

Dr. Poornima Advani & Anr. Vs Government of NCT & Anr. (Supreme Court of India) Subject: Whether when e-stamp paper is lost and refund is delayed, the petitioner is entitled to interest on such delayed refund? Summary: The Supreme Court of India ruled that interest at 8% per annum must be paid on the refund of lost e-stamp duty, reinforcing the principle that money received and retained without right carries an obligation to pay interest. The case, Dr. Poornima Advani & Anr. vs. Government of NCT & Anr., involved the loss of an e-stamp paper valued at Rs. 28.1 lakh, for which a...