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1993 (10) TMI 231 - SC - Companies LawWhether Triputi should be made liable to pay interest at the rate of 15 per cent per annum? Held that:- As already referred to the various orders of this court which indicate quite clearly with what reluctance and over what span of time Triputi paid the sum of Rs. 1 crore 98 lakhs ; that itself makes the payment of interest thereon appropriate. Coupled therewith is the undertaking aforementioned. We are, therefore, of the view that Triputi must pay interest upon the amount of Rs. 1 crore 98 lakhs at the rate of 15% per annum from January 1, 1989, till payment. Such payment shall be made within 12 weeks from today. We make it clear that in the event that the amount of interest as aforementioned is not paid within 12 weeks from today, it shall be open to one or more of the aggrieved parties to take appropriate proceedings against Triputi and its directors.
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