Tag
Justice Murahari S. Raman
3 articles
Mahanadi Coalfields Interest Rate Reduced to 5%
High Court of Orissa reduces interest on compensation from 15% to 5% per annum for Mahanadi Coalfields Ltd case.
Court cites earlier judgments (FAO No.440/2023, March 2024 decision) interpreting Secti
Mahanadi Coalfields Interest Rate Reduced to 5%
Petitioners Mahanadi Coalfields Ltd challenged 15% interest on compensation under Coal Bearing Areas Act, arguing statutory limit of 5%.
Court referenced prior judgments (FAO No.440/2023, FAO No.863/2
Mahanadi Coalfields Interest Rate Reduced to 5%
Odisha High Court reduced compensation interest from 15% to 5% per annum under Section 16 of the Coal Bearing Areas Act.
The order cites earlier judgments (FAO 440 2023, FAO 863 2018, W.P.(C) 17451 20