In Brief
The Board of Trustees for the Port of Calcutta challenged a High Court judgment that had granted port tenants relief by allowing 36 installments for rent arrears with 6% annual interest. The appellant argued the interest should have been 15-18% under the Major Port Trusts Act. The Supreme Court set aside the High Court's interest rate but, invoking Article 142 (extraordinary constitutional power for complete justice), declined to impose further charges since tenants had already paid at the fixed rate. The Court clarified this decision was not a precedent and applied only to these specific circumstances.
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