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Interest that may be awarded to a plaintiff in a suit for money according to the period for which it is allowed may be divided as:
Interest accrued to the institution of the suit on the principal sum adjudged (as distinguished from the principal sum claimed)
Additional interest on the principal sum adjudged, from the date of the suit to the date of decree, ‘at such rate as the court deems reasonable’
Further interest on the principal sum adjudged from the date of the decree to the date of the payment or to such earlier date as the court thinks fit, at the rate not exceeding six percent per annum
All of these
- Option 1: This refers to interest that accumulates up to the start of the lawsuit on the principal amount that the court decides upon, not just what was initially claimed by the plaintiff.
- Option 2: This specifies additional interest that can be awarded from the date the lawsuit begins until the court issues a decree, with the rate being at the discretion of the court.
- Option 3: This covers further interest from the decree date until payment or another court-specified earlier date, capped at 6% per annum.
- Option 4: All statements are included.
Correct Answer: Option 4 - All of these
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By: santosh ProfileResourcesReport error
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