Amendment status not verified — confirm the current text below against the official source.
Notwithstanding anything contained in any law for the time being Prohibition in force, or in any agreement, no debtor shall be liable to pay after the rreafealandidng commencement of this Act— amount of interest. 219 The West Bengal Relief of Rural Indebtedness Act, 1975. [West Ben. Act Bar to suits and procee- dings and execution of decrees in civil or revenue courts. Decision as to status of a debtor or nature of liability Transfer of applica- tion from one auth- ority to another. Appeals. (Sections 9-12.) (a) any sum in respect of principal and interest which together exceeds twice the principal, (b) on account of interest outstanding on the date up to which such liability is computed, a sum greater than the principal outstanding on such date, (c) any interest other than simple interest at a rate of six per centum per annum or the rate stipulated between the parties, whichever is less.