Supreme Court Allows Appeal in Debt Recovery Case — Adjusts Interest Rate. The court found the previously awarded interest rates to be exorbitant and directed a reduction to a reasonable rate of 9% under Section 34 of the Code of Civil Procedure, 1908....
The appeal arose from a judgment of the High Court of Madras which dismissed the writ petitions filed by the appellant, C.K. Sasankan, confirming the decision of the Debt Recovery Appellate Tribunal. ...




