https://www.taxtmi.com/caselaws?id=312438 A payment or decretal deposit made without intimation of appropriation may be applied by the creditor in the ordinary manner under Section 60 of the Indian Contract Act, 1872. In execution proceedings, Order XXI Rule 1 CPC requires notice of payment or deposit to the decree-holder, and interest on the deposited amount stops only from service of that notice. Mere deposit in court, without communication of the intended appropriation, does not compel adjustment first towards principal. The rule in Meghraj therefore continued to apply, and the decree-holder was entitled to adjust the deposit towards interest and other dues rather than principal. en-us Tue, 25 Apr 1995 00:00:00 +0530 Sat, 17 Feb 2024 12:20:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312438 A payment or decretal deposit made without intimation of appropriation may be applied by the creditor in the ordinary manner under Section 60 of the Indian Contract Act, 1872. In execution proceedings, Order XXI Rule 1 CPC requires notice of payment or deposit to the decree-holder, and interest on the deposited amount stops only from service of that notice. Mere deposit in court, without communication of the intended appropriation, does not compel adjustment first towards principal. The rule in Meghraj therefore continued to apply, and the decree-holder was entitled to adjust the deposit towards interest and other dues rather than principal. Case-Laws Indian Laws Tue, 25 Apr 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312438