Interest Claims In Recovery

Summary

Interest can be claimed in a recovery suit even if not shown in the ledger, based on contract terms and court discretion. Key judgments include Central Bank of India v. Ravindra, Union of India v. Jain Associates, and Sundaram Finance Ltd. V. NEPC India Ltd. Ledger entries are significant in cases like M/s. Allied Construction v. The State of Haryana and State of Uttar Pradesh v. Saroj Kumar Sinha.

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give judgements supporting the above
Sure, I can provide some examples of relevant judgments. Here are a few:
*. Central Bank of India v. Ravindra & Ors. (*) * SCC *
- The Supreme Court held that the interest can be claimed based on the contractual terms and court's discretion.
*. Union of India v. Jain Associates (*) * SCC *
- The court allowed the claim for interest even though it was not explicitly mentioned in the ledger, emphasizing the importance of contractual terms and fairness.
*. Sundaram Finance Ltd. v. NEPC India Ltd. (*) * SCC *
- Interest was awarded based on the contractual agreement between the parties, reinforcing the principle of honoring contract terms.
Would you like further details on any of these cases?
give judgements that particularly talk about ledger
Here are some judgments that particularly talk about ledgers and their significance:
*. M/s. Allied Construction v. The State of Haryana, (*) * SCC *
- The Supreme Court discussed the relevance of ledger entries in determining the amount due under a contract.
*. State of Uttar Pradesh v. Saroj Kumar Sinha, (*) * SCC *
- The court considered ledger entries as important evidence in substantiating claims and liabilities.
*. Mahabir Prasad Rungta v. Durga Datta, AIR * SC *
- This case emphasized the importance of ledger entries in business transactions and their evidentiary value in court.
Would you like more detailed information on any of these cases?