Interest Act, 1978 (14 of 1978) S. 3- Civil Procedure
Code, 1908 (V of 1908) S. 34 - No mention of interest in the Bahi writing - In the fact of the present case when examined under the provisions of Section 3 of the Act and Section 34 of the
Code, leave no iota of doubt in the mind of this Court that the interest
on the borrowed amount could be allowed from the date this amount was claimed even in the absence of any term with regard to payment of interest-The perusal of the writing inBahi depict in clear term that money was taken for factory which by all means was a commercial
purpose - Even if the interest can not be allowed from the date of advancement of the loan, still it can be allowed in this case from the date it was payable as per notice Ex.P6 till the date
of filing of the suit and from the date of filing of the suit till the date of actual payment - Interest allowed at 12% per annum. (173) P.L.R.