Supreme Court of India
C.K. Sasankan v. The Dhanalakshmi Bank Ltd.
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From the headnote
Code of Civil Procedure, 1908: s.34 - Scope and ambit of - Discussed - Interest - Grant of - Held: Has to be at a c reasonable rate and on the principal amount - On facts, grant of pendente lite and future interest @ 9% is just, proper and reasonable. The question which arose for consideration in the present appeal is whether grant of interest @ 25% from the date of filing of suit till the date of judgment and @ 19.4% thereafter till its realization was exorbitant and contrary to provisions of Section 34 CPC.…
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