C.K.SASANKAN vs DHANALAKSHMI BANK LTD.

The Supreme Court upheld the decisions of the lower courts regarding the grant of interest on a debt under Section 34 of the Code of Civil Procedure, 1908. The Court clarified that the interest rate of 25% per annum from the date of filing the suit until judgment and 19.4% thereafter was justified given the appellants' failure to repay the overdraft facility. The Court emphasized that the interest awarded was not exorbitant and aligned with the provisions of the Code, thereby dismissing the appeal.