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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: Interest accrued up to the institution of the suit is added to the principal sum that's been adjudged. This interest is differentiated from the claimed principal sum.
- Option 2: From the date the suit was filed until the decree, additional interest can be granted. The rate for this period is decided by the court and deemed reasonable based on circumstances.
- Option 3: After the decree, further interest may be levied on the adjudged principal sum until payment is fulfilled or until a prior date set by the court. This interest rate is capped at six percent annually.
- Option 4: Includes all the above points, encompassing the full spectrum of interest aspects as detailed.
Correct Answer: Option 4 - All of these
By: santosh ProfileResourcesReport error
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