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2007 (2) TMI 329 - SC - Companies LawPower to award compensation by MRTPC - Interest amount - Held that:- Appeal allowed. The grant to interest of 12 per cent per annum is appropriate in the facts of this particular case. However, we are also of the opinion that since interest was not granted to the appellant along with the principal amount the respondent should then in addition to the interest at the rate of 12 per cent per annum also pay to appellant interest at the same rate on the aforesaid interest from the date of payment of instalments by the appellant to the respondent till the date of refund on this amount, and the entire amount mentioned above must be paid to the appellant within two months from the date of this judgment. There is misconception about interest. Interest is not a penalty or punishment at all, but it is the normal accretion on capital.
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