APSRTC appealed the District Judge's judgment on excessive interest awarded in MVO. Counsel abandoned compensation claims, challenging only the 9% rate as excessive. The Court found no evidence on prevailing bank rates and dismissed the appeal.
Appeal dismissed. Miscellaneous applications closed. No order as to costs.
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SMT JUSTICE T. RAJANI
M.A.C.M.A. No.899 of 2008
JUDGMENT:
This appeal is preferred by the appellant—APSRTC, who is the respondent before the Court below, assailing the judgment of the District Judge, Ongole in M.V.O.P. No.496 of 2006 dated 11.01.2008 on the ground of rate of interest awarded by the Court below is high.
2
TR, J MACMA_899_2008
the miscellaneous applications, if any, shall stand closed. There
shall be no order as to costs.
___________ T. RAJANI, J
Date:20.10.2017 knl
3 issues framed by the court
whether the rate of interest awarded by the Court below is excessive and requires reduction
whether the appellant adduced evidence regarding prevailing bank rates of interest
whether the appeal against the impugned judgment on interest rate should be allowed
APSRTC
District Judge, Ongole
T. RAJANI
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
