Supreme Court · 1966 INSC 200 · Decided 4 October 1966

Srinivasa Vardachariar and ORS. v. Gopala Menon and ORS.

Court: Supreme Court of India
Citation: 1966 INSC 200 · [1967] 1 S.C.R. 721
Case number: CIVIL APPEAL No. 636/1964
Decided: 4 October 1966
Bench: K.N. WANCHOO, J.M. SHELAT, G.K. MITTER (3-judge bench)
Outcome: Dismissed
Case type: Civil

Headnote

F G H SRINIV ASAY ARDACHARIAR AND ORS. v. GOPALA MENON AND ORS. October 4, 1966 [K. N. WANCHOO, J.M. SHELAT AND G. K. MITTER, JJ.) Usurious Loans (Madras Amendment) Act (8 of 1937), s. 3-Rate ot interes..t permissible. The first appellant advanced monies to D against mortgages of her property. D purchased by the first res pondent. The Trial Court decreed the appellants' suit for enforcement of the mortgages against the property and awarded interest at the rate of 15 per cent compoundable with yearly rests. In appeal the Division Bench of the High Court found that in the

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