SC Stays 6.5% Interest for PEIL

Authority: Supreme Court of India

Order Date: 01-08-2026

Case Overview

• Petitioner: S. Srini... (S.SRINIVASAN) filed Special Leave Petition (Criminal) Diary No. 37101/2026 challenging the Madras High Court judgment dated 23-03-2026 in CRLMP No. 4149/2025.
• Respondent: M/S Premier Energy and Infrastructure Ltd (PEIL) and others.
• Hearing held on 31-07-2026 before a bench of Hon’ble Mrs. Justice B.V. Nagarathna and Hon’ble Mr. Justice R. Mahadevan.
• The petition sought condonation of delay in refiling/curing defects and relief from an order directing payment of interest at 6.5% to the respondents.

Final Outcome

• The Court condoned the delay in refiling/curing defects.
• Directed that notice be issued to the respondents.
• Imposed an interim stay on the impugned order directing payment of interest at 6.5% to the respondents until further orders.

Topics: Legal Order, Interest Payment