IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH Civil Writ Petition No.8541 of 1991 Ashok Kumar & others .....Petitioners VERSUS The State of Punjab& another ....Respondents CORAM:- HON'BLE MR.JUSTICE RANJIT SINGH PRESENT: Mr. Ankush Soni, Advocate, for the petitioners. Mr. A.S. Jattana, Addl.AG, Punjab for the State. **** RANJIT SINGH, J. The grievance of the petitioners is for reducing the rate of interest to @ 7½% instead of 15% as entered in the contract. The respondents have raised a preliminary objection that the writ petition for this relief is not maintainable. The allotment of plot has been made to the petitioners on a lease of 99 years by virtue of a contract. Accordingly, the condition of the contract will govern the contractual liability, which cannot be disputed by invoking writ jurisdiction of this Court. Even otherwise, there is an arbitration clause for which the present writ petition may not be maintainable. The preliminary objection has merits. Since the contractual liability will govern the rate of interest between the parties, no case for interference in writ petition is made out. The petitioners, if so advised, may avail any alternative remedy of either approaching the Arbitrator or by filing a civil suit. The writ petition is, however, dismissed. August 23, 2011 (RANJIT SINGH) monika JUDGE