Sri Lanka Savings Bank Limited vs Habib Bank AG Zurich – SC CHC APPEAL NO 22/2010-2025

In the case between Sri Lanka Savings Bank Limited (Plaintiff/Appellant) and Hatton National Bank Limited (as Substituted Defendant/Respondent), the court addressed the entitlement of the Plaintiff to claim 32% interest on the due sum until payment in full, and the interpretation of Section 192 of the Civil Procedure Code concerning such interest claims. It was held that the Plaintiff’s right to 32% interest is established as an inherent legal entitlement and not subject to judicial discretion under Section 192, thereby affirming that where an interest demand is based on statutory or contractual authority and unchallenged on the facts, the court should not substitute its own rate. The decision relied on statutory interpretation, precedents, and the specific evidentiary context, highlightin