High Court of Karnataka Allows Appeal in Part in Fixed Deposit Interest Rate Dispute — Rate of Interest Payable After Maturity Determined at 12% Per Annum. Court Holds That in Absence of Contractual Rate, Interest Payable Under Section 34 CPC at 6% But Considering Commercial Transaction, 12% Is Just and Equitable.
31 Jul 2013The case involves two appeals arising from a common order of a learned single Judge of the Karnataka High Court regarding the rate of interest payable...




