Laws in India are not updated time to time.
Some laws still grant only 6% interest on amount decreed by courts. These laws are there since 1960.
To families of Victims of accident, there is no stability.
Recently I saw a judgement where trial court gave 9%,interest. High Court reduced it to 7.5%. No reasoning.
As a lawyers, how do we explain this to our clients? How do we strengthen their faith in our system?
Haresh Raichura
1225
Some laws still grant only 6% interest on amount decreed by courts. These laws are there since 1960.
To families of Victims of accident, there is no stability.
Recently I saw a judgement where trial court gave 9%,interest. High Court reduced it to 7.5%. No reasoning.
As a lawyers, how do we explain this to our clients? How do we strengthen their faith in our system?
Haresh Raichura
1225
