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2009 (5) TMI 549 - SC - Companies LawDirection to pay to the Custodian an amount of Rs. 2,83,192 with interest at the rate of 18 per cent per annum from 22-7-1991 to 29-2-1992 which amount the Custodian would receive for and on behalf of respondent No. 2. Held that:- No infirmity in the order passed by the Special Court. As the appellant himself informed the Custodian about the aforesaid vehicle wherein the nexus between the purchase of the vehicle and the involvement of the appellant in the deal is clearly established we modify the order for payment of interest at the rate of 18 per cent per annum by directing that interest on the aforesaid amount of Rs. 2,83,192 shall be paid at the rate of 9 per cent per annum from 22-7-1991 to 29-2-1992. An amount of Rs. 10,00,000 is already lying deposited in terms of order passed which was deposited by respondent No. 1. The amount payable by the appellant, therefore, shall now be calculated in terms of this order and the said amount shall be adjusted out of the amount lying deposited.
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