Commercial transaction- Interest at agreed rate can be granted.

Citation

AIR 2000 ANDHRA PRADESH 289

ANDHRA PRADESH HIGH COURT

MS . S. V. MARUTHI , J.

and D. S. R. VARMA , J.

C.C.C.A. No. 142 of 1988, D/- 29 - 10 - 1999

Indian Bank, Secunderabad Appellants v.

M/s. Boorugu Nagaiah Rajanna and others

Respondents

(A)Negotiable Instruments Act (26 of 1881),

S.79, S.80 - Interest - Commercial transaction

- Interest at agreed rate can be granted. Civil

P.C. (5 of 1908), S.34 - Banking Regulation

Act (10 of 1949), S.21, S.35A -

Where the Bill of Exchange draw