IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH FAO No. 4445 of 2010 (O&M) Date of decision: 2.2.2011 The Punjab State Civil Supplies Corporation Ltd. and another .. Appellants v. M/s Dashmesh Rice Mills, Sarhana Mundian, Morinda and others .. Respondents CORAM: HON'BLE MR. JUSTICE RAJESH BINDAL Present: Mr. Charanjit Singh Bakhshi, Advocate for the appellants. ... Rajesh Bindal J. The only ground on which the award of the learned court below is sought to be challenged by the appellants is that rate of future interest, which was awarded by the Arbitrator @ 21% per annum, has been reduced to 9% per annum. The appeal is accompanied by application seeking condonation of delay of 151 days in filing thereof and also application seeking condonation of delay in re-filing. Considering the fact that the learned court below has exercised jurisdiction and reduced the rate of future interest, taking that to be the reasonable rate, this court would not like to interfere in the discretion exercised by the learned court below. Accordingly, the appeal is dismissed. Consequently, the accompanying applications are also dismissed. ( Rajesh Bindal ) Judge 2.2.2011 mk