Supreme Court allows Pallav Seth to settle securities Scam case with Canara Bank [Read Judgment]

Supreme Court has allowed Pallav Seth to settle securities Scam case with Canara Bank. Apex Court Bench comprising of Justices Dipak Misra and Shiva Kirti Singh directed Mr. Seth, to pay the decretal amount with interest calculated at the rate of 12% per annum (in place of 18% per annum) from 20th June, 1992 with adjustment of Rs.20, 00,000/- already paid in 2003, in two instalments payable...