Sri Lanka Consolidated Acts

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Civil Procedure Code (Amendment) Act (No. 6 of 1990) - Sect 3

Replacement of Section 192 of the principal enactment

3. Section 192 of the principal enactment is hereby repealed and the following section substituted therefor :
192. (1) When the action is for a sum of rate may interest on money due to the plaintiff, the court may, 192 of the in the decree order interest according to the rate agreed on between the parties by the instrument sued on, or in the absence of any such agreement at the legal rate, to be paid, on the principal sum adjudged from the date of action to the date of the decree, in addition to any interest adjudged on such principal superior any period prior to the institution of the action, with further interest at such rate on the aggregate sum so adjudged from the date of the decree to the date of payment, or to such earlier date as the court thinks fit
(2) For the purposes of this section, "the legal rate " means the rate per centum per annum determined by the Monetary Board established by the Monetary Law Act, by Notification published in the Gazette, having regard to current rates of bank interest.
(3) Where such decree is silent with regard to the payment of further interest on such aggregate sum as aforesaid from the date of the decree to the date of payment or other earlier date, the court shall be deemed to have refused such interest, and i separate action therefor shall not lie.".


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