Section 1. 19th August, 1981, vide notification No. S.O. 657(E), dated 19th August, 1981, see Gazette of India, Extraordinary, Part II, sec. 3(ii)

1. 19th August, 1981, vide notification No. S.O. 657(E), dated 19th August, 1981, see Gazette of India, Extraordinary, Part II, sec. 3(ii). (a) shall apply in relation to— (i) any debt or damages upon which interest is payable as of right, by virtue of any agreement; or (ii) any debt or damages upon which payment of interest is barred, by virtue of an express agreement; (b) shall affect— (i) the compensation recoverable for the dishonour of a bill of exchange, promissory note or cheque, as defined in the Negotiable Instruments Act, 1881 (26 of 1881); or (ii) the provisions of rule 2 of Order II of the First Schedule to the Code of Civil Procedure, 1908 (5 of 1908); (c) shall empower the court to award interest upon interest.