BSBK Private Limited Awarded 6% Interest on Delayed Payment

• Supreme Court directs Bilaspur Municipal Corporation to pay 6% simple interest on delayed refund of ₹4.97 crore security deposit.
• The ruling applies to funds retained for approximately 4 years beyond contractual completion date of December 2019.
• Court cites precedent establishing interest as normal accretion on capital for deprivation of legitimate funds.
• Corporation must calculate and pay interest amount within four weeks as per Supreme Court order.