Partly allowed
Devassia v. Sanitha
Kerala HCRFA/389/2012
Case brief
AI extract
What is this about?
The High Court of Kerala reduced the rate of interest on a decree for return of advance payment. While affirming 12% pre-decree interest, the court applied Section 34 CPC to scale down post-decree interest to 6% because the principal amount had not been invested by the defendants from the date of the suit agreement.
What did the court decide?
The principal amount of Rs. 2 lakhs carries 12% interest till the date of decree and 6% interest thereafter.