1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY NAGPUR BENCH AT NAGPUR Civil application (CAF)1412 of2011 in First Appeal No.537 of 2011 Ind Synergy Limited a Company, Raipur. -Versus- M/s Shiva Steel Industries (NAG) Ltd. a Company, Nagpur. Office Notes, Office Memoranda of Coram, appearances, Court's or Judge's orders Court's orders of directions and Registrar's orders Mr. A.S. Kulkarni, Adv. for the appellant. Mr. Masood Shareef,Adv. for the respondent. CORAM : A.B. CHAUDHARI, J. DATE : 09.08. 2011 . The learned counsel for the appellant submits that the decree is for Rs.6,28,722/-. But in the order dated 9.3.2011 the same was wrongly mentioned as Rs.6,20,722/-, hence he would deposit the balance amount of Rs.8,000/-in this court. He further submits that rate of interest at the rate of 24% p.a. is without any basis and is cumbersome. Mr. Masood Shareef, the learned counsel for the respondent submits that it is a commercial transaction and therefore, no fault can be found out with the said part of the decree. Prima facie upon reading of para 8 of the judgment, I find no reason is assigned by the trial court for awarding 24% p.a. interest on Rs.6,28,722/-. However, the learned counsel for the appellant agreed to deposit interest in this court on the said amount at the rate of 13% p.a. The counsel for the appellant states that he would deposit the interest amount at the said rate of 13% p.a. within a period of 10 weeks from 2 today. Thus, the C.A. for direction is, therefore, disposed of. Civil Application F No. 1413/2011 Heard. The respondent's prayer for withdrawal of amount is allowed in terms of prayer clause, subject to respondent furnishing usual undertaking on affidavit. First Appeal No. 537/2011 Heard. Admit. Mr. Masood Shareef waives notice. JUDGE Hirekhan