CA NeWs Beta*: Payment of penal interest on delayed compliance with Court decisions -

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Monday, August 20, 2012

Payment of penal interest on delayed compliance with Court decisions -

Payment of penal interest on delayed compliance with Court decisions - Action against Officers

GOVERNMENT is concerned with avoidable interest outgo due to delayed compliance with court orders.

All Heads of Department are advised to ensure timely compliance with Court orders involving payment of compensation etc. so as to avoid payment of penal interest due to delayed compliance.

In every case proposing payment of interest on delayed compliance with Court orders, detailed justification for failure to ensure timely compliance with the orders should be furnished henceforth.

In cases where delay in compliance with the Court Orders is attributed to any specific officer(s), necessary action for recovery of the amount of penal interest equitably from such officers responsible for the delay in compliance will be taken.

MoF Department of Revenue F. No. 203/01/2008.Ad.VIII (EC), Dated: July 03, 2012

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