Section 32State of West Bengal Act
Section 32: Computation of interest on loans in kind
Computation of interest on loans in kind. -
In the case of loans in kind, the money value of the commodity at the time when, and in the locality where, the loan was advanced shall, for the purposes of this Act, be deemed to be the principal of the loan, and in determining the amount which may, subject to the provisions of this chapter, be decreed in respect of any loan repayable in kind, the Court shall take into consideration the market value of the commodity in the said locality at the date or dates of repayment.Previous
Sec 31 — [ Prohibition of interest on decretal amount.-] [[Sec. 31 Substituted by W.B. Act 21 of 1965, which was earlier as under:
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Sec 33 — Prohibition of charges for expenses on loans
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