vijay Bhutda (Proprieter) 19 January 2016

Calculation of dues with compound interest

Dear All, One of the company has took a security amount with an agreement to pay 12% interest.With in one year that company discontinue the agency and hold the amount of security. I filed a suit of recovery against them. NOw my question is that: If the company is holding my money deliberately in that case: If company made me payment of interest yearly in that case i get interest amount every year and it helps me to get additional revenue. WE have no commercial relationship with that company since they terminated the contract. Shall i get my security deposit refunded with compound interest or not. Is there any decisions from apex courts are available in favor of compound interest. Kindly do favor.

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Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 19 January 2016

As per the agreement, whatever mode of interest, is applicable.

Akhileshwar 19 January 2016

This is Akhileshwar Nirala I want to talk about credit card Settlement. Four month ago I have mailed to HDFC Bank for settlement but they havn't response but after four month one of the HDFC represent have called me and told I am from HDFC Bank and are you want for settlement then i have told yes. and I have ask what should be the minimum amount for settlement they told only you have to pay 15240 INR. but after two days one of the represent from the same branch called and told you have to pay total 32000 INR. 3rd times on the same day of 2nd call he told you have to pay total of 36000 INR. I have ask 3 days before you have told only i have to pay 15240 but now why this amount is going to high as 36000 then they told now hase been increased. at that time if you had submmited then only your case will close on 15240 INR. I have already a audio clip of all. So please help if any. Thank you.
Akhileshwar Nirala
Contact No.-9871952508
Email-niralaiitk@gmail.com

Dr. MPS RAMANI Ph.D.[Tech.] (Scientist/Engineer) 19 January 2016

Mr. Akhileshwar: Why do you butt in here. Open a separate post.

Vijay Bhuta: If it is a case of default not anticipated in the agreement, if any, you can claim compond interest. It will be up to the court to decide the rate of interest and the compounding.