Court have power to direct payment of interest by way of restitution when there was no contractual provision

Competition Act : Where CCI imposed penalty on appellants under section 43A and thereafter, issued a demand notice which was stayed by Supreme Court on condition of deposit of entire penalty amount with Registry of Tribunal and Supreme Court had not passed any order with regard to interest payable by appellants, demand notice, so far as it was related to interest, was not to be interfered with

from www.taxmann.com Latest Case Laws https://ift.tt/2Q6AkAx