https://www.taxtmi.com/caselaws?id=183408 Where contract rates are mutually abandoned and no revised rates are accepted, payment for work actually executed may be assessed on fair and reasonable rates rather than the original schedule. Pre-suit interest is recoverable only if supported by agreement, usage or substantive law; it cannot be claimed as damages for wrongful detention of money without such legal basis. Interest from the date of suit is governed by section 34 of the Code of Civil Procedure, 1908, and must remain within the permissible rate. The result is that the principal claim is measured on a just basis, while interest relief is limited by the applicable procedural rule. en-us Mon, 20 Dec 1937 00:00:00 +0530 Wed, 08 Jun 2016 16:55:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183408 Where contract rates are mutually abandoned and no revised rates are accepted, payment for work actually executed may be assessed on fair and reasonable rates rather than the original schedule. Pre-suit interest is recoverable only if supported by agreement, usage or substantive law; it cannot be claimed as damages for wrongful detention of money without such legal basis. Interest from the date of suit is governed by section 34 of the Code of Civil Procedure, 1908, and must remain within the permissible rate. The result is that the principal claim is measured on a just basis, while interest relief is limited by the applicable procedural rule. Case-Laws Indian Laws Mon, 20 Dec 1937 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183408