Supreme Court · 2025 INSC 418 · Decided 1 April 2025
I.K. Merchants PVT. LTD. & ORS. v. The State of Rajasthan & ORS.
- Court
- Supreme Court of India
- Citation
- 2025 INSC 418 · [2025] 4 S.C.R. 2753
- Case number
- CIVIL APPEAL No. 4560/2025
- Decided
- 1 April 2025
- Bench
- J.B. PARDIWALA, R MAHADEVAN (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- CPC Section 34; Constitution
Headnote
Issue arose as regards the appropriate rate of interest to be awarded on the enhanced valuation of shares sold by the appellants to the Respondent No.1-State in 1973 as determined by the High Court and affirmed by Supreme Court. Code of s.34 - Interest - Grant of appropriate rate of interest in a commercial transaction - No agreement between the parties relating to grant of interest for delayed payment - In 1973, the appellants sold their shares in Respondent No.2 to the Respondent No.1-State at
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