https://www.taxtmi.com/caselaws?id=309256 A decretal payment specifically deposited in court as principal was held to be incapable of later appropriation towards interest where the surrounding conduct showed implied consent to that treatment, or in any event estoppel against the creditor. The normal rule of appropriation to interest and costs before principal yields to an express or implied agreement on a different application. On that basis, the deposited sum had to be adjusted against principal, and the creditor could not recharacterise it as interest. The decision also confirms that compound interest or interest on interest cannot be claimed unless it was awarded; the contrary computation was rejected and the matter remitted for recalculation. en-us Mon, 20 Jul 2009 00:00:00 +0530 Mon, 21 Aug 2023 13:10:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309256 A decretal payment specifically deposited in court as principal was held to be incapable of later appropriation towards interest where the surrounding conduct showed implied consent to that treatment, or in any event estoppel against the creditor. The normal rule of appropriation to interest and costs before principal yields to an express or implied agreement on a different application. On that basis, the deposited sum had to be adjusted against principal, and the creditor could not recharacterise it as interest. The decision also confirms that compound interest or interest on interest cannot be claimed unless it was awarded; the contrary computation was rejected and the matter remitted for recalculation. Case-Laws Indian Laws Mon, 20 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309256