Deposit In Court Not Synonymous With Payment; Award-Debtor Liable For Interest If Deposit Is Conditional: Supreme Court

In a significant ruling addressing the interplay between conditional court deposits and interest liability, the Supreme Court held that depositing an awarded amount in court does not equate to payment unless it is unconditional and placed at the complete disposal of the award-holder. A Bench comprising Justice P. S. Narasimha and Justice Alok Aradhe dismissed

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