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november 2003

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.

Sri Ramnik Vallabhdas Madhvani And Ors vs Taraben Pravinlal Madhvani · Niyam