The Court is competent to reduce the rate of interest, from the contractual rate, pendente lite and post decree interest at a lower rate or even refusing interest

C.Narayana Reddy V. State Bank of India (Agricultural Development), Hosur Branch, Hosur and others, (2004) 4 M.L.J. 53 at page 59 (Mad)(D.B.), it is held that 'The Court is competent to reduce the rate of interest, from the contractual rate, pendente lite and post decree interest at a lower rate or even refusing interest