https://www.taxtmi.com/caselaws?id=287722 Consumer forums may award interest on equitable grounds even though Section 34 of the Code of Civil Procedure does not directly apply to proceedings under the Consumer Protection Act. The power to grant interest was treated as arising from justice, equity and good conscience, and the enhanced rate was justified because the claimant had been deprived of use of the money for years. By contrast, compensation for alleged wrongful retention of cheque proceeds required proof of negligence or wrongful conduct, and the claim failed because retention was pursuant to an understanding permitting the bank to hold the amount as margin money. en-us Wed, 11 Aug 1999 00:00:00 +0530 Sat, 15 Jan 2022 19:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287722 Consumer forums may award interest on equitable grounds even though Section 34 of the Code of Civil Procedure does not directly apply to proceedings under the Consumer Protection Act. The power to grant interest was treated as arising from justice, equity and good conscience, and the enhanced rate was justified because the claimant had been deprived of use of the money for years. By contrast, compensation for alleged wrongful retention of cheque proceeds required proof of negligence or wrongful conduct, and the claim failed because retention was pursuant to an understanding permitting the bank to hold the amount as margin money. Case-Laws Indian Laws Wed, 11 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287722