VidhiSangh

Supreme Court of India · 24/02/2021

M/S. KALAMANI TEX & ANR versus P. BALASUBRAMANIAN M.A. NO. 364 OF 2021 IN

[2021] 1 S.C.R. 679

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Summary

The Supreme Court corrected its earlier direction to transfer a deposited sum with accrued interest after the Registry reported that the money was held in a non-interest-bearing account. It deleted the reference to accrued interest and directed transfer of the principal Rs 11,20,000 to the respondent within two weeks.

Issues

  1. Whether the earlier transfer direction required correction because the deposit had earned no interest.

Held

Result

Miscellaneous application disposed of with correction of the interest reference and a direction to transfer the principal within two weeks.

Judgment PDF: Supreme Court of India, [2021] 1 S.C.R. 679.