https://www.taxtmi.com/caselaws?id=280866 The interpretation of the proviso to Section 34(1) CPC, particularly for commercial transactions and the contractual rate of interest, was considered to require examination by a larger Bench. The Court noted the need to reconcile the award of interest under the recovery legislation with the earlier Constitution Bench view on pendente lite and post-decree interest, so that the proviso could be construed consistently without conflicting with existing precedent. The matter was accordingly referred to a larger Bench for consideration. en-us Wed, 06 Mar 2002 00:00:00 +0530 Thu, 23 May 2019 16:16:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280866 The interpretation of the proviso to Section 34(1) CPC, particularly for commercial transactions and the contractual rate of interest, was considered to require examination by a larger Bench. The Court noted the need to reconcile the award of interest under the recovery legislation with the earlier Constitution Bench view on pendente lite and post-decree interest, so that the proviso could be construed consistently without conflicting with existing precedent. The matter was accordingly referred to a larger Bench for consideration. Case-Laws Indian Laws Wed, 06 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280866