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2014 (8) TMI 1115 - BOMBAY HIGH COURTDecree being passed for non-deposit, interest - Held that:- The appeal ought to be disposed of by the following order :- i). The impugned order is confirmed with a modification only to the extent that in the event of a decree being passed for non-deposit, interest shall be computed at 4% p.a. and not at 12% p.a., as prayed in the suit. In that event for the balance interest of 8% p.a., the appellant shall be entitled to unconditional leave to defend. ii). The time to deposit the amount is extended upto and including 31.10.2014.
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