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1. The petitioners secured a loan from PNB with an initial interest rate of 19.5% per annum. Subsequent loan agreements allowed PNB to unilaterally determine future interest rates. 2. The petitioners argued this made the agreements void as there was no mutual consent to changes in the interest rate. They sought reimbursement for excess interest paid. 3. The court found that changes to important aspects of loan contracts like interest rates require mutual consent. As PNB set rates without consent, the es
- Author
- Jovz Bumohya
- Language
- EN