Stamp Act, 1899, Section 49 -- Court fee stamp - Refund - Collector referred the matter to Commissioner after completing the formalities - Inordinate delay - No explanation for the delay - Collector directed to pay interest at the rate of 12% p.a. for the period of delay...........
Electricity -- Theft by breaking the seal of meter and ribbets alleged - Additional bill raised and electricity disconnected - Checking by flying squad on one date or on different dates disputed which can only be established when evidence is led - Electricity ordered to be restored, on part payment of additional bill and on furnishing of bank guarantee of part of bill and..........
Contract Act, 1872, Section 128 -- Guarantor - Liability to pay interest - A simple letter of guarantee cover the rate of interest payable by the debtor - Rate of interest when stipulated in the guarantee will prevail over the interest payable by the principal debtor...........
Civil Procedure Code, 1908, Section 34 -- Interest - Bank loan for constructing building for Bank - Rent of premises was to be credited against loan - Loan is for a business activity - Proviso to S.34 applies - Interest could be at the rate at which money's are lent or advanced by nationalised bank in relation to commercial transactions...........
Civil Procedure Code, 1908, Section 34 -- Suit by bank for recovery of money on basis of equitable mortgage - interest at the rate of 6% instead of contractual rate of 17% p.a. allowed - Unit becoming sick immediately after its commencement - In the special circumstances of the case the Court below rightly exercised its discretion in allowing interest at the rate of 6%..........
Bank law -- Suit for recovery - Interest - Bank cannot charge different rate of interest from guarantor and principal debtor...........
Limitation Act, 1963, Section 18, Contract Act, 1872, Section 62 -- Acknowledgment - Creditor not entitled to interest at higher rate than that which was prevailing upto the data of acknowledgment - It will amount to novation or fresh contract between creditor and debtor...........
Money recovery suit -- Compromise arrived at between parties - Suit decreed and repayment allowed in 36 equal instalments and interest allowed at 14% - Order of instalments and change of rate of interest are within the discretion of court and suffers no illegality...........
Civil Procedure Code, 1908, Section 34 -- Interest - Suit for recovery of money - Plaintiff sent notice to defendant demanding interest - Plaintiff entitled to interest for period from date of service of notice on defendant to date of filing of suit - Interest at the rate of 15% p.a. allowed as it would be just as that was maximum "Current rate" that was being paid by..........
Pronote -- Interest - No agreement of interest in the pronote - Interest at the rate of 9 percent per annum allowed from the date of suit till its realization (Civil Procedure Code, 1908, S.34)..........
