Section 3

Rate of interest upon a judgment or decree.

The Usury Laws Repeal Act, 1855

  • Act 28 of 1855
  • Ministry of Finance
  • Department of Economic Affairs
About this Act

An Act for the repeal of the Usury Laws.

All sections
    Whenever a Court shall direct that a judgment or decree shall bear interest, or shall award interest upon a judgment or decree, it may order the interest to be calculated at the rate allowed in the judgment or decree upon the principal sum adjudged, or at such other rate as the Court shall think fit

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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