https://www.taxtmi.com/caselaws?id=196387 A promissory note executed as additional security for the same debt does not extinguish an existing mortgage; the mortgage debt ends only on payment and cancellation of the mortgage deed. Where the contract provides that unpaid interest may be debited and treated as part of the amount due, that sum may be treated as principal for post-suit interest under Order 34 Rule 11(a)(i) CPC, but compound interest from the date of suit is not allowed as of course. The Court also granted the defendants time to pay the decretal amount by instalments. en-us Mon, 16 Nov 1981 00:00:00 +0530 Wed, 29 Nov 2017 15:34:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196387 A promissory note executed as additional security for the same debt does not extinguish an existing mortgage; the mortgage debt ends only on payment and cancellation of the mortgage deed. Where the contract provides that unpaid interest may be debited and treated as part of the amount due, that sum may be treated as principal for post-suit interest under Order 34 Rule 11(a)(i) CPC, but compound interest from the date of suit is not allowed as of course. The Court also granted the defendants time to pay the decretal amount by instalments. Case-Laws Indian Laws Mon, 16 Nov 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196387