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[Cites 0, Cited by 2] [Entire Act]

Union of India - Section

Section 2 in Usury Laws Repeal Act, 1855

2. Rate of interest to be decreed by Courts.

- In any suit in which interest is recoverable, the amount shall be adjudged or decreed by the Court at the rate (if any) agreed upon by the parties; and if no rate shall have been agreed upon, at such rate as the Court shall deem reasonable.