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Report No. 63

2.22. Developments in India compared.-

Having concluded this brief survey of developments in the West, we may state that developments in India stopped at stage No. (iv) above1, and have not kept pace with the statutory developments-stages (v) and (vi) above-represented by the English Act of 1934 and judicial construction thereof.

1. Para. 2.24, supra.

Interest Act, 1839 Back

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