Sunday, May 16, 2010

Interest — Delay in payment of decretal amount.

Interest — Delay in payment of decretal amount — An action only for interest is not unusual — Delay in payment of the decretal amount furnishes an independent cause of action for payment of interest on account of such delay — Claim maintainable u/s 3(1)(a), 3(1)(b) and u/s 4 of the Interest Act — Court in exercise of powers under Article 226 can also grant interest in such a a case. See 2010 (5) LJSOFT 87

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