Sri Lanka Consolidated Acts

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Debt Recovery (Special Provinces) Act (No. 2 of 1990) - Sect 23

Interest

23. In an action instituted under this Act the court shall in the decree nisi, order interest agreed upon between the parties up to the date of decree nisi, and interest at the same rate on the aggregate sum of the decree nisi from the date of decree nisi until the date of payment in full. In the event of the parties not having agreed upon, the rate of interest, the court shall in the decree nisi order interest at the market rate from the date of institution of action up to the date of decree nisi and thereafter on the aggregate sum of the decree nisi from the date of decree nisi until the date of payment in full.


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