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Report No. 63

2A.10. Starting point.-

Certain texts lay down that interest should run after the expiry of certain stated intervals in such cases. On the other hand, the text of Katyayana1 suggests that interest should run on the failure of the debtor to pay on demand, whenever that demand may be made.

1. Katyayana referred to separately.

Interest Act, 1839 Back

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