Duplum rule


Is " Duplum Rule" is applicable in India ? Duplum Rule means interest cannot exceed principal/capital amount. The policy reason behind the in duplum rule is that it serves to prevent the exploitation of debtors by creditors who might otherwise allow interest to accumulate indefinitely. if this is applicable then I would like to know the Supreme Court Judgments on this.

Thanks and Regards,

Vaibhav

 
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instructor

This law dose not exist in India .
 
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instructor

The duplum rule does not exist in India .

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