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Madras Presidency - Section

Section 61 in Madras Estates Land Act, 1908

61. Interest on arrears.

- [Subject to the provisions of this Act, an arrear of rent shall bear simple interest] [Substituted for 'An arrear shall bear simple interest' by section 39 of the Madras Estates Land (Amendment) Act, 1934 (Madras Act VIII of 1934).] at the rate of one-half per centum per mensem from the date on which the arrear fell due until it is liquidated.