Supreme Court · 2009 INSC 273 · Decided 27 February 2009
C.K. Sasankan v. The Dhanalakshmi Bank LTD.
- Court
- Supreme Court of India
- Citation
- 2009 INSC 273 · [2009] 3 S.C.R. 494
- Case number
- CIVIL APPEAL No. 1317/2009
- Decided
- 27 February 2009
- Bench
- S.B. SINHA, MUKUNDAKAM SHARMA (2-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- CPC Section 34
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 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. Partly allowing the appeal, the court E HELD: 1.1. The appellant is entitled to quantum and rate of
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