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 --------------------------------------------------------------------- 1 Short title given by the Indian Short Titles Act, 1897 (14 of 1897). This Act has been declared to be in force in the whole of India, except former Part B States and the Scheduled Districts, by the Laws Local Extent Act, 1874 (15 of 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 Western Hills of Darjiling, the Darjiling Tarai and the Damson Sub-division of the Darjiling District . .. 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 Singhbhum 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. --------------------------------------------------------------------- 6 by the parties ; and if no rate shall have been agreed upon, at such rate as the Court shall deem reasonable.
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