PrincipleCIVIL PROCEDURE – Interest on Judgment Debt – Scope of Order 40 Rule 7
- Area of law
- CIVIL PROCEDURE
- Court
- Supreme Court
Order 40 Rule 7 grants discretionary power to award interest on judgment debts, but with limitations: (1) Rate cap—maximum 10% per annum; (2) Commencement—from judgment date forward, not retroactively; (3) Discretionary—court may award or refuse. This discretionary interest differs from interest as of right (which…
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