learned Sub Judge-I-, Ghatshila to the
extent that the post-decreetal interest at the rate of 18% has been
erroneously granted including the principal ... power to grant pre-reference interest under the Interest Act, 1978 as well
pendent lite and future interest. However, he is constricted only
justified in awarding 24% pre suit interest, together with pendente lite interest as well as post decreetal interest?
(3) Whether there is any perversity ... next phase of analysis would be on pre-suit interest, pendente lite interest and post decreetal interest, which were awarded at the rate
merits.
On
point of interest
14.
In this case the District Forum had awarded interest @ 10% p.a. on
the decreetal amount ... merits.
On
point of interest
14.
In this case the District Forum had awarded interest @ 10% p.a. on
the decreetal amount
that learned
trial Court committed serious error in granting 12% interest
on decreetal amount. He would submit that learned trial Court
has exercised its jurisdiction ... refers to banking interest rates and granted interest
under the principle of equity and decided to grant 12%
interest on decreetal amount
would certainly be the duty of the Court to protect the decreetal interest
of the petitioner, and more so considering the apprehensions of the
petitioner
stipulate rate of interest. It has thus to be governed by the Interest Act 1978. Scheduled banks were giving interest on fixed deposits ... court with modifications as per para 107 above. Post decreetal interest is awarded @ 12% P.A. from date of decree till date of realization
cheques were issued by way of collateral
security the post decreetal interest has been awarded by the learned Single
Judge @ 9% per annum
Jindal Exports Ltd.
(supra) apart from deeply damaging the decreetal interest of the award
creditors apart from being contrary to the object of Section
Stranger/objector can claim an independent right, title and interest in the decreetal property, provided he should produce sufficient material to establish his title ... Decree could claim an independent right title and interest in the decreetal property and can offer his resistance before getting actually dispossessed. He could also
return and offered the excess claim but for the interest amount of the outstanding decreetal amount, to tax. Assessment for assessment year ... interest in respect of the sum of Rs. 52,07,873/-. The claim of interest on theentire outstandings out of the decreetal amount
