https://www.taxtmi.com/caselaws?id=200363 Interest cannot be charged twice on the same aggregate amount where the plaint claim already includes interest up to a stated date; the proper basis is the principal balance after removing the embedded interest component, with future interest governed by the applicable procedural rule. Quarterly rests on an agricultural advance are not recoverable unless supported by proof of recognised banking practice or an operative Reserve Bank direction. Section 21A of the Banking Regulation Act bars reopening a transaction merely because interest is excessive, but it does not permit recovery contrary to binding Reserve Bank norms. The decree was modified by disallowing quarterly rests and requiring recalculation of interest in accordance with law. en-us Thu, 28 Feb 1985 00:00:00 +0530 Tue, 27 Mar 2018 10:04:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200363 Interest cannot be charged twice on the same aggregate amount where the plaint claim already includes interest up to a stated date; the proper basis is the principal balance after removing the embedded interest component, with future interest governed by the applicable procedural rule. Quarterly rests on an agricultural advance are not recoverable unless supported by proof of recognised banking practice or an operative Reserve Bank direction. Section 21A of the Banking Regulation Act bars reopening a transaction merely because interest is excessive, but it does not permit recovery contrary to binding Reserve Bank norms. The decree was modified by disallowing quarterly rests and requiring recalculation of interest in accordance with law. Case-Laws Indian Laws Thu, 28 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200363