Interest calculation rule: new rule applies only to periods after the effective date and requires rounding to whole months. Applicability of Rule 119A is confined to periods on or after the effective date; interest for periods up to and including 31 December 1974 must be calculated as if the new rule did not exist. Outstanding arrears on the effective date may be subject to the new rule, but only for the portion of the period after that date. The rule mandates rounding the period to whole months, ignoring any fractional month however long.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interest calculation rule: new rule applies only to periods after the effective date and requires rounding to whole months.
Applicability of Rule 119A is confined to periods on or after the effective date; interest for periods up to and including 31 December 1974 must be calculated as if the new rule did not exist. Outstanding arrears on the effective date may be subject to the new rule, but only for the portion of the period after that date. The rule mandates rounding the period to whole months, ignoring any fractional month however long.
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