Duplum rule

Vaibhav Bhole (Querist) 30 April 2014 This query is : Resolved

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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Devajyoti Barman (Expert) 30 April 2014
ac academic query....

Rajendra K Goyal (Expert) 30 April 2014
Academic query.

Sankaranarayanan (Expert) 30 April 2014
COME with your query,

T. Kalaiselvan, Advocate (Expert) 14 May 2014
From where do you get such ideas?, this is not a tutorial class where you post your queries to enrich your academic knowledge on various subjects.

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