Report No. 85
14.4. Position under Interest Act, 1978.-
Similar position prevailed in civil courts in regard to interest on damages before 1978. Until very recently, in a civil court, interest could not be awarded on unliquidated damages.1 It could only be awarded on a liquidated sum-"debt or sum certain", as is often put.
1. See Law Commission of India, 63rd Report (Interest Act, 1839), para. 5.1.