The Andhra Pradesh High Court recently observed that the Hindu Rule of Damdupat which specifies that the interest amount charged cannot exceed the principal amount, does not apply to money transactions in the State of Andhra Pradesh. The suit was filed by the plaintiff for recovery of Rs. 2,48,402/-, principal being Rs. 70,000/- and interest comes to Rs. 1,78,402/-. In the plaint, it...