Amendment status not verified — confirm the current text below against the official source.
A debtor shall not be liable to pay interest upon any loan during Remission the period for which no suit or proceeding could be instituted or application of interest. made for recovery of the loan or for execution of a decree in relation thereto or for which a suit, application or proceeding for recovery of the loan was stayed. Explanation.—For the purposes of sections 3 and 4 and this section, "suit" includes appeal. 181