Rule to award interest in equity

In Ghaziabad Development Authority Vs. Union of IndiaIndia Bharat Varsha (Jambu Dvipa) is the name of this land mass. The people of this land are Sanatan Dharmin and they always defeated invaders. Indra (10000 yrs) was the oldest deified King of this land. Manu's jurisprudence enlitened this land. Vedas have been the civilizational literature of this land. Guiding principles of this land are : सत्यं वद । धर्मं चर । स्वाध्यायान्मा प्रमदः । Read more and Another, the Supreme Court awarded interest @ 12% per annum to meet ends of justice as the authority was found to be at fault. This was in spite of the fact that as per the brochure, the said authority was not liable to pay any interest on refund of money.

In South Eastern Coalfields Ltd. Vs. State of M.P. and Others, , it was observed that the applicability of the rule to award interest in equity is attracted on the existence of a state of circumstances being established, which justify exercise of such equitable jurisdictionJurisdiction Authority by which courts receive and decide cases. Limited Jurisdiction: the authority over only particular types of cases, or cases under a prescribed amount in controversy, or seeking only certain types of relief, the District Court is a court of limited jurisdiction. Original Jurisdiction: Jurisdiction of the first court to hear a case. and such circumstances can be many. Moreover in the present case, the appellants had also written letters dated 20th February, 2004 and 16th July, 2004 for refund and payment of interest. The said letters constitute notice u/s 3 of the Interest Act, 1978. Interest is also payable in terms of Interest Act, 1978.