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Raghav

Mumbai

(1) How interest is claimed in any civil suit. (2) What is the basis of calculation of interest in the following types of claims. (rate on interest/simple of compound/rule/rationale etc.) (a) Suit for Compensation for wrong: (b) Suit for Compensation for Breach of Contract: (c) Suit for Recovery of Money: (3) What consideration generally court takes while awarding interest.

Expert's Answers(1)

Kishan Dutt Kalaskar 40 years Exp (Retired Judge)
Bengaluru Urban, Karnataka

187 Client Ratings

Dear Sir, It seems Courts are not allowing interest as you wish or scientifically except in case of ex-parte decrees. Normally Court gives in interest between 6 to 8 % only. Please give me rank after viewing my details. Please call me for further assistance.

November 5, 2020