Interest calculation
VENKATESH HEGDE
(Querist) 14 August 2012
This query is : Resolved
Dear sir's ,
In a recovery suit the DHR filed the execution petition. the decretal amount is some of Rs 95000/- . The total amount which the JDR has to be paid Rs 1,80000/- in 2009. The JDR get stay in 2011 after depositing the decretal amount of Rs 95000/- before the court. now my question is how to calculate the interest for EP . EP filed in 2009 , JDR deposited decrettal amount in 2009, Now i have to calculate interst for 3 years from 2009 to 2012 of the EP ?? or from 2009 to 2011for which he was deposited the decrettel amount ?? Please clarrify ..
thanks &Regards .
venkatesh Hegde .
R.K Nanda
(Expert) 14 August 2012
Interest is calculated from the date of filing of suit till its realisation.