become entitled for a
decree. As regards the interest, there is a clause that in case of defaults, the rate of interest
Suit ... exaggerated rate of interest and is a penalty
clause and the penalties cannot be enforced under Indian Contract Act . However, considering
that the defendant
become entitled for a decree. As regards the interest, there is a clause
that in case of defaults, the rate of interest would ... exaggerated rate of interest and is a penalty clause and the penalties
cannot be enforced under Indian Contract Act . However, considering that the
defendant
exaggerated rate of interest and is a
penalty clause and the penalties cannot be enforced under Indian Contract Act .
Considering that the defendant has defaulted
become entitled for a decree. As regards the interest, there is a clause
that in case of defaults, the rate of interest would ... exaggerated rate of interest and is a penalty clause and the penalties
cannot be enforced under Indian Contract Act . However, considering that the
defendant
become entitled for a decree. As regards the interest, there is a clause
that in case of defaults, the rate of interest would ... exaggerated rate of interest and is a penalty clause and the penalties
cannot be enforced under Indian Contract Act . However, considering that the
defendant
agreed rate of interest is 9% p.a. and there is a clause that in
Suit No. 69/08 No. 3 of4
case of defaults ... exaggerated rate of interest and is a penalty clause and the penalties cannot be enforced under
Indian Contract Act . However, considering that the defendant
become entitled for a
decree. As regards the interest, there is a clause that in case of defaults, the rate of interest
would ... interest and is a penalty
Suit No. 71/08 No. 3 of4
clause and the penalties cannot be enforced under Indian Contract Act . However, considering
become entitled for a
decree. As regards the interest, there is a clause that in case of defaults, the rate of interest
would ... exaggerated rate of interest and is a penalty
clause and the penalties cannot be enforced under Indian Contract Act . However, considering
that the defendant
become entitled for a decree. As regards the interest, there is a clause
that in case of defaults, the rate of interest would ... exaggerated rate of interest and is a penalty clause and the penalties
cannot be enforced under Indian Contract Act . However, considering that the
defendant
following words:
"9. Having discussed the proper interpretation of
Clause 18, we may now turn to consider what is the real
nature ... stipulation in a
contract in terrorem is a penalty and the Court refuses
to enforce it, awarding to aggrieved party only
reasonable compensation. The Indian
