M/S.Rarefield Shipping Pvt. Ltd vs M/S.Icici Bank Ltd on 2 June, 2023
agreed to a waiver of Interest or other
charges including prepayment charges. The said amount was adjusted as
follows:-
Towards outstanding dues in
Term Loan ... loss of interest hence prepayment
charge is an industrial practice. Since the plaintiff chose to prepay
immediately after the moratorium prepayment charge was levied