section 70
Interest and Instalment
The Jammu and Kashmir Panchayati Raj Act, 1989Infrastructure198975 sections12 chapters
Chapter XIII Chapter XIII
Statutory text
Interest and Instalment.-(1) In suits for money, the Panchayati Adalat may, in decreeing the suit, order interest at such rate as it thinks fit to be paid from the date of institution of the suit till the date of decree, in addition to the principal sum not exceeding ten per cent per annum.
- (2) Where the decree is for payment of money, the Panchayati Adalat may, direct that the payment of the amount decreed be made by instalments.
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