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Results of part payment pronote

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PUNJAB AND HARYANA HIGH COURT

Year of decision: 1997
Details

Interest -- Pronote - Excess rate of interest of 24% mentioned therein - In case the Court comes to the conclusion that interest stipulated in the instrument is excessive, it is within its authority to award interest at a lower rate - Excessive means what the Court deems it so - Held, trial Court was justified in awarding 12% interest upto the date of decree and 6% after..........

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