https://www.taxtmi.com/caselaws?id=108651 The Supreme Court allowed the plaintiff-Bank's appeal, modifying the trial court's decree to grant the full claimed loan amount of Rs. 16,15,091.05, including the higher interest rate claimed. The Court held that the agreements and acknowledgments supported the plaintiff's claim for the enhanced interest rate, emphasizing that parties are bound by contract terms without the need for additional consent. Legal precedent regarding acknowledgment of liability in 1978 favored the plaintiff, preventing the defendants from denying payment based on interest rate disputes. The judgment disposed of the appeals without costs. en-us Thu, 19 Dec 2002 00:00:00 +0530 Mon, 19 Aug 2013 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108651 The Supreme Court allowed the plaintiff-Bank's appeal, modifying the trial court's decree to grant the full claimed loan amount of Rs. 16,15,091.05, including the higher interest rate claimed. The Court held that the agreements and acknowledgments supported the plaintiff's claim for the enhanced interest rate, emphasizing that parties are bound by contract terms without the need for additional consent. Legal precedent regarding acknowledgment of liability in 1978 favored the plaintiff, preventing the defendants from denying payment based on interest rate disputes. The judgment disposed of the appeals without costs. Case-Laws Companies Law Thu, 19 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108651