https://www.taxtmi.com/caselaws?id=458015 Pre-suit interest may be granted on an admitted liability even where Section 3 of the Interest Act, 1978 is not exhaustive, because courts may award equitable interest on principles of justice, equity and good conscience when a defendant wrongfully withholds admitted dues and takes a false plea to resist payment. The text also notes differentiated rates of interest for distinct periods, with a moderated rate for the pre-suit period and a higher rate from institution of suit until realisation, applied to the admitted principal claim with costs, and with excess court fee refundable pro rata. en-us Mon, 10 Apr 2017 00:00:00 +0530 Thu, 03 Oct 2024 20:06:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458015 Pre-suit interest may be granted on an admitted liability even where Section 3 of the Interest Act, 1978 is not exhaustive, because courts may award equitable interest on principles of justice, equity and good conscience when a defendant wrongfully withholds admitted dues and takes a false plea to resist payment. The text also notes differentiated rates of interest for distinct periods, with a moderated rate for the pre-suit period and a higher rate from institution of suit until realisation, applied to the admitted principal claim with costs, and with excess court fee refundable pro rata. Case-Laws Indian Laws Mon, 10 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458015