venkatesh (Advocate) 15 March 2011
The Borrower (claiming real estate agent) has taken Loan from Bank for purchase of Car. On default Bank filed suit. Court says that since the car purchase is non-commerical transaction, so interest will be awarded @ 6% p.a as per section 34 CPC but not as per contractual rate
Member Strength 9,46,734 and growing..
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
