Case Law Analysis
|Punjab and Haryana High Court
Order XXXIV Rule 11 CPC | Contractual Interest Rate Overrides Agricultural Loan Cap in Mortgage Suits : Punjab & Haryana HC
Punjab & Haryana HC rules that contractual interest rates in mortgage agreements prevail over statutory caps, even for agricultural loans. The court held that Order XXXIV Rule 11 CPC governs interest awards, prioritizing contractual terms over the borrower's purpose, impacting lenders and borrowers in mortgage disputes.