Debts Recovery Tribunals and Appellate Tribunals
M s ARCIL vs M s Anderson industries international ltd and ors on 2 September 2026
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
R.A:157/2019
M/S Arcil V/S M/S Anderson Industries International Ltd & Ors 02/09/2026
Heard Mr. Adarsh Subramanian, learned counsel for the appellant and the learned counsel for the contesting respondents. These appeals involved with the common issue as to whether reduction of interest i.e. pendente lite interest and post decree interest at the rate of 9% p.a. (simple) when contractual rate of interest at 23.5% and 25% compounded at quarterly rests, is justified. Orders Reserved.
Sd/-
Chairperson