Supreme Court of India · 2003-11-05
Sri Ramnik Vallabhdas Madhvani And Ors vs Taraben Pravinlal Madhvani
- Citation / case number
- AIR 2004 SUPREME COURT 1084
- Court
- Supreme Court of India
- Petitioner
- Sri Ramnik Vallabhdas Madhvani And Ors
- Respondent
- Taraben Pravinlal Madhvani
- Author
- Arun Kumar
- Bench
- V.N. Khare, S.B. Sinha, Arun Kumar
Judgment text excerpt
The Supreme Court held that under Section 34 of the Code of Civil Procedure, the court has the discretion to award interest on the principal sum adjudged, and the rate of interest can be amended during the course of litigation. The Court upheld the High Court's decision to allow the amendment of the plaint to increase the interest rate from 6% to 13% per annum, emphasizing the importance of fair compensation for the plaintiff. The appeals were dismissed, affirming the High Court's order regarding the amendment.