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Promissory note interest calculation as per court


29-Apr-2026 (In Recovery Law)
need clarification on below statement from the judgement copy of civil case promissory note. Does it mean interest applied suit amount 3.7L from filing date to decree date? Or applies on principal amount. wanted to understand how it is as per legal/law. “That the suit be and the same is hereby decreed in favour of the plaintiff and against the defendant for an amount of Rs 3.70,145/- with subsequent interest @ 12% p.a., from the date of filing of the suit i.e., 27-01-2020 till
Answers (1)

Answer #1
700 votes
Based on the wording of the decree, the court has awarded a specific sum of ₹3,70,145/- along with subsequent interest @ 12% p.a. from the date of filing of the suit till realization. Legally, this usually means that interest is calculated on the decretal amount from the date of filing until the date the payment is fully made—not just on the original principal unless specifically mentioned.
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