https://www.taxtmi.com/caselaws?id=165250 Where mortgagors deposited money in court without proof that the mortgagees accepted a condition that it be applied only to principal, the ordinary rule applied and the payments were first appropriated to interest and costs. The decree for interest at 4% per annum was upheld because the earlier modification did not reduce the post-10 November 1946 rate. The objection under section 9 of the Madhya Pradesh Money Lenders Act, 1934 also failed, as the interest awarded did not exceed the principal. The Custodian's objection to the decree absolute for sale was rejected because inter se rights in the mortgagee firm were not relevant at that stage. en-us Wed, 30 Apr 1969 00:00:00 +0530 Sun, 10 Aug 2014 22:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165250 Where mortgagors deposited money in court without proof that the mortgagees accepted a condition that it be applied only to principal, the ordinary rule applied and the payments were first appropriated to interest and costs. The decree for interest at 4% per annum was upheld because the earlier modification did not reduce the post-10 November 1946 rate. The objection under section 9 of the Madhya Pradesh Money Lenders Act, 1934 also failed, as the interest awarded did not exceed the principal. The Custodian's objection to the decree absolute for sale was rejected because inter se rights in the mortgagee firm were not relevant at that stage. Case-Laws Indian Laws Wed, 30 Apr 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165250