Tag
Justice M. S. Raman
4 articles
Mahanadi Coalfields Interest Rate Reduced to 5%
Petitioners Mahanadi Coalfields Ltd challenged 15% interest on compensation awarded under 2013 order, citing Section 16 limit of 5%.
Court referenced prior judgments (FAO No.440/2023, FAO No.863/2018)
Mahanadi Coalfields Interest Rate Reduced to 5%
Petitioners (Mahanadi Coalfields Ltd) challenged tribunal's 15% interest on compensation under Coal Bearing Areas Act, citing Section 16 limit of 5%.
Court referenced prior judgments (FAO No.440/2023,
Mahanadi Coalfields Interest Rate Reduced to 5%
High Court cuts interest on compensation from 15% to 5% per annum per earlier judgments.
Original award (22‑Nov‑2013) fixed Rs 2,78,427.93 compensation with 9% and 15% interest.
Petitioners permitted
Mahanadi Coalfields Interest Rate Reduced to 5%
Petitioners Mahanadi Coalfields Ltd challenged 15% interest on compensation under Coal Bearing Areas Act, citing Section 16 limit of 5%.
Court referenced prior judgments (FAO No.440/2023, FAO No.863/2