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2012 (9) TMI 1111 - SC - Indian LawsExtract: .......payment, whichever is earlier, is upheld. In the facts of the case we are of the view that the rate of interest should be 12 per annum as determined in the arbitration proceeding between the parties. 19. In view of the foregoing discussions we allow this appeal in part and modify the order of the High Court dated 20th July, 2006 as indicated above.
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