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2004 (10) TMI 329 - SC - Companies LawJurisdiction, powers, authority and procedure of Special Court in civil matters - Held that:- Appeal dismissed. Citibank as per decree of the Special Court was directed to pay interest at higher rate whereas the interest awarded in its favour was at a lower rate. Keeping that difference in mind we granted different rates of interest in the two appeals. The Citibank could not be asked to pay interest at a rate higher than as was granted to it by the Special Court while decreeing the suit. The Special Court had awarded interest @ 9% to Citibank and that is why Citibank could not be asked to pay interest at a rate higher than what was awarded to it by the Special Court. The decision taken by the Court was a conscious decision. The variation in the rate of interest ordered in the two appeals was keeping in view the rate at which the interest was allowed by the Special Court in the two suits. The order does not need any clarification or any further direction
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