E Prakash Babu v. the State of Andhra Pradesh
Case brief
What is this about?
A contractor sought refund of withheld amount and earnest money deposit under Neeru-Chettu Programme works. The Government Pleader admitted the claim; the court directed payment of Rs. 1,76,445 with 6% interest within six weeks, rising to 12% on default.
What did the court decide?
Respondents directed to pay Rs. 1,76,445/- with 6% interest per annum within six weeks; 12% per annum thereafter till actual payment.