IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH RSA No.4536 of 2009 (O&M) Date of decision: 25.11.2010 Diwan Singh ......Appellant(s) Versus Rajinder Kaur & others ......Respondent(s) CORAM:- HON'BLE MR.JUSTICE RAKESH KUMAR GARG * * * Present: Mr. BPS Virk, Advocate for the appellant. Mr. N.K. Verma, Advocate for the respondents. Rakesh Kumar Garg, J. (Oral) This is defendant's second appeal challenging the judgment and decrees of the Courts below whereby suit for recovery against the appellant has been decreed with interest @ 18% per annum. The only grievance raised before this Court is that though the interest at the rate of 1% per month on the principal amount had been prayed for and even issue regarding entitlement of plaintiff to recover the principal amount at the rate of 1% per month was framed, but the Courts below have awarded interest at the rate of 1.5% per month from the date of alleged writing till the date of decree. Learned counsel appearing on behalf of the respondents has very fairly stated that the plaintiff-respondent is ready to forego his claim regarding interest on the principal amount at the rate of 18% per annum as awarded by the Courts below and let a decree be passed in favour of the plaintiff-respondent for interest on the principal amount at the rate of 12% per annum instead of 18% per annum. RSA No.4536 of 2009 (O&M) -2- In view of the aforesaid statement made by the counsel for the respondent, this appeal is accepted partly to the extent as aforesaid and rate of interest on the principal amount is awarded at 12% per annum instead of 18% per annum as awarded by the Courts below with effect from the date of writing, till the date of passing of the decree. The judgment and decrees of the Courts below are modified to the aforesaid extent. Let the aforesaid amount of interest as per the modified decree be paid to the respondent within four months. Appeal stands disposed off. November 25, 2010 (RAKESH KUMAR GARG) ps JUDGE