Question
When no interest is specified in the instrument,
interest on the amount due thereon, shall be calculated at the rate of__________________ as per the NI Act.ÂSolution
Under Section 80 of NI Act- When no rate of interest is specified in the instrument, interest on the amount due thereon shall, notwithstanding any agreement relating to interest between any parties to the instrument], be calculated at the rate of eighteen per centum per annum, from the date at which the same ought to have been paid by the party charged, until tender or realization of the amount due thereon, or until such date after the institution of a suit to recover such amount as the Court directs.
Which Indian state has the longest coastline
Which state has emerged as an overall team champion of the North East Olympic Games 2022?
Which historical figure's birthplace is located in Ayodhya, Uttar Pradesh?
India has how many currency printing presses?
Which state/ ut has launched the app ‘Talaash’ to know the position of children not going to schools?
________ has bagged an order for 1,500 electric buses from Delhi Transport Corporation (DTC) as part of a tender by Convergence Energy Services Ltd. ?
India's first underwater metro has been built in which state/union territory?
Who is elected as the new Prime Minister of Nepal?
Which bank recorded the highest growth rate in total business among PSBs in FY24?
On the basin of which river gold is found in Uttar Pradesh?
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