Case Law Analysis
|Punjab and Haryana High Court
Section 34 CPC | Future Interest in Non-Commercial Agreements Capped at 6% p.a. Regardless of Contractual Terms : Punjab & Haryana HC
Punjab & Haryana High Court rules that Section 34 CPC overrides contractual interest rates in non-commercial agreements, limiting future interest to 6% per annum even if parties agreed to higher rates. The judgment reinforces statutory protections in private residential transactions, impacting sellers defaulting on sale agreements.