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2009 (12) TMI 977 - SUPREME COURTExtract: .......acts. 10. We, therefore allow this appeal, set aside the judgment of the High Court, restore the decision of the trial court and uphold the demand for interest at 12 per annum in respect of the delayed payment of instalments relating to Excess Royalty Collection Contract', without applying the grace period of 15 days under Rule 61 of the Rules.
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