Vs.
EmailAppeal:
Petitioner:
Respondent:
Apeal:
Judges:
Date of Judgment: Jan 21, 1999
Head Note:
CONTRACT LAWS
Contract Act, 1872
Section 25 – Bank loan against mortgage – Charging of compound interest – If excessive and can be reduced. Held that Court cannot interfere and reduce the interest, as that is a matter of contract between parties. Mortgaging property is to secure loan and has nothing to do with quantum of interest to be charged.
(Para 8)
Contract Act, 1872
Section 25 – Bank loan against mortgage – Charging of compound interest – If excessive and can be reduced. Held that Court cannot interfere and reduce the interest, as that is a matter of contract between parties. Mortgaging property is to secure loan and has nothing to do with quantum of interest to be charged.
(Para 8)
JUDGEMENT:
