Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
S.34 CPC | In Commercial Transactions, Courts May Award Interest Higher Than 6% : Supreme Court
Civil Law
The Supreme Court clarified that under Section 34 of the CPC, courts may award interest higher than 6% in commercial transactions. This ruling provides greater flexibility for courts in determining interest rates. This decision emphasizes the specific nature of commercial transactions. This ruling is important for commercial law.
