Usury Laws Repeal Act,1855
Act No : 28
Section :
Rate of interest to be decreed by Courts.
2. Rate of interest to be decreed by Courts.--In any suit in which interest is recoverable the amount shall be adjudged or decreed by the Court at the rate (if any) agreed upon by the parties; and if no rate shall have been agreed upon, at such rate as the Court shall deem reasonable. ---------------------------------------------------------------------- 1. Short title given by the Indian Short Titles Act, 1897( 14 of 1897). This Act has beeen declared to be in forece in the whole of India, except former PArt B States and the Scheduled Districts, by the Laws Local Extent Act, 1874 (15 fo 1874), s. 3. It has been declared by notification under s.3 (a) of the Scheduled Districts Act, 1874 (14 of 1874) to be in force in the following Scheduled Districts, namely:- West Jalpaiguri, the Western Dvars the Westerns Hills of Darjilling, the Darjilling Tarai and the Damson Sub-division of the Darjilling Districts . See Gazette of India 1881. Pt. I, p. 74. The District of Hazaribagh Ditto 1881, Pt. I, P.507, The District of Lohardaga(now the Ranchi District see Calcutta Gazette, 1899, Pt. I, p.44) . . Ditto 1881, Pt. I, P.508 The District of Manbhum . . Ditto 1881, Pt. I, P.509 Pargana Dhalbhum in the District of Singbhum . . . Ditto 1881, Pt. I, P.510 The Scheduled portion of the Mirzapur District . . Ditto 1879, Pt. I, P.383 Jaunsar Bawar . . . Ditto 1879, Pt. I, P.382 The District of Lahaul . . Ditto 1886, Pt. I, P.301 The Scheduled Districts of the C.P. Ditto 1879, Pt. I, P.771 The Scheduled Districts in Ganjam and Vizagapatam . . Ditto 1898, Pt. I, P.870 The Districts of Kamrup, Naugong, Darrang, Sibsagar, Lakhimpur, Goalpara (excluding the Eastern Dvars) and Cachar (excluding the North Cachar Hills) . . . . . Ditto 1878, Pt. I, P.533 It has been extended, under s. 5 of the last-mentioned Act, to the following Scheduled Districts, namely:- Kumaon and Garhwal See Gazette of India, 1876 Pt. I, p. 606 The Tarai of the Province of Agra (now U.P.) . Ditto 1876, Pt. I, P.505 41
Read All Comments
