Meerut | 04 May, 2021 (1 year, 10 months ago)

General Advice

do court consider interest in caseof recoveryof unsecured loan without agreement

given unsecured loan by cheque/rtgs to a partnership firm without any written agreement . Now they are not returning money. i want to file case against them. will court consider my case for basic amount + interest for the period or will consider only the basic amount as no written agreement is present. If interest is consider by court what rate is applicable.
05 May, 2021 | 11:10

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D Bhattacharya
04 May, 2021 | 23:13

Interest can be validly claimed atleast for the period during which the litigation subsists (which is usually referred to as pendente lite). You may further claim for cost of litiation.


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