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Future interest i.e., from the date of the decree till realisation, can be awarded, under CPC:
@ 12% per annum
@ 9% per annum
@ 6% per annum
depending on the prevailing bank rates.
- Future interest under the Civil Procedure Code (CPC) is governed by Section 34.
- The court may order interest from the date of the decree till realisation or payment.
- According to the law, this interest shall not exceed 6% per annum unless the loan transaction is commercial or otherwise agreed by contract.
-
- Option 1: @ 12% per annum - This is not the general limit under CPC.
- Option 2: @ 9% per annum - This is also not the standard cap under CPC.
- Option 3: @ 6% per annum - This is the correct limit, except in certain commercial or contractual cases.
- Option 4: Depending on the prevailing bank rates - Court-ordered interest does not depend on bank rates unless specified in the contract.
By: santosh ProfileResourcesReport error
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