887AInterest on judgment or order

887A Interest on judgment or order

[Rule 887A Inserted by S.R. 2001, No. 100, Applied:12 Sep 2001]

(1)  Unless the Court at the time of giving judgment otherwise orders, a judgment or order under section 164(1) of the Act carries interest from the time of the trial or inquiry or, if there has not been a trial or inquiry, from the time of signing or entering up judgment at –

(a) the rate at which interest has been allowed up until the date of judgment in a case to which rule 347(1)(a) applies; or

(b) the prescribed rate of interest.

(2)  Subrule (1) does not apply to any part of the judgment or order that consists of interest allowed under section 34 of the Act or rule 347(1).