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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Advocate High Court of A.P.

Dear this rule was also called Dandu Principle under Hindu Law in Madras Presidency....This was applicable till 1934 and thereafter it was repealed. It no longer exists under law after repeal...

 

Solomon Raju

Advocate

High Court of Andhra Pradesh

 
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