THE UTTAR PRADESH DEBT RELIEF ACT, 1977
Section 9. Special provisions regarding interest
9. (1) No interest shall accrue in respect of any debt payable by a debtor, after the commencement of this Act.
(2) The interest payable on any debt for any period before such commencement shall be calculated at the rate applicable to the debt under the law, custom or contract, or at a rate of six per cent, per annum, whichever is less, and credit shall be given for all sums paid or credited first towards interest and the balance, if any, towards the principal.
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