https://www.taxtmi.com/article/detailed?id=13012 The Act empowers courts, tribunals and arbitrators to allow interest at a rate not exceeding the current rate of interest for specified periods: for written-instrument debts from the date payable to suit institution, and for other claims from the date specified in a written notice to institution of proceedings; amounts paid before proceedings attract no interest. It defines "debt" and "current rate of interest," authorises interest on interest, mandates interest in fiduciary, security, fraud and maintenance contexts unless special reasons exist, and excludes contractual interest entitlements, certain negotiable-instrument compensation, and specified civil-procedure provisions. en-us Thu, 10 Oct 2024 10:12:08 +0530 Thu, 10 Oct 2024 10:12:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13012 The Act empowers courts, tribunals and arbitrators to allow interest at a rate not exceeding the current rate of interest for specified periods: for written-instrument debts from the date payable to suit institution, and for other claims from the date specified in a written notice to institution of proceedings; amounts paid before proceedings attract no interest. It defines "debt" and "current rate of interest," authorises interest on interest, mandates interest in fiduciary, security, fraud and maintenance contexts unless special reasons exist, and excludes contractual interest entitlements, certain negotiable-instrument compensation, and specified civil-procedure provisions. Articles Other Topics Thu, 10 Oct 2024 10:12:08 +0530 https://www.taxtmi.com/article/detailed?id=13012