■> V. ^ IN THE HIGH COURT OF DELHI AT NEW DELHI + EX.P. 204/2010 RAMESH CHANDRA GUPTA (DECEASED) THROUGH LRS INDRA GUPTA Decree Holder Through: Mr. Girish Aggarwal and Ms. Mugdha Pandey, Advocates versus DELHI DEVELOPMENT AUTHORITY & ORS Judgement Debtor Through: Ms. Anusuya Salwan, Advocate CORAM: HON'BLE MR. JUSTICE VIPIN SANGHI ORDER o/o 10.09.2010 The only dispute remaining between the parties is with regard to the calculation of interest for the period from the date of decree till payment. While disposing of the objections to the award in question, this Court had directed that "the plaintiff shall also be entitled to future interest from the date of the decree under Section 29 of the Act on the principal amount at the rate of 10% per annum for a period of 60 days here from. If the defendant fails to pay the decretal amount within 60 days, the plaintiff shall thereafter be again entitled to interest at 18%) per annum". Digitally Signed By:AMULYA Certify that the digital file and physical file have been compared and the digital data is as per the physical file and no page is missing. Signature Not Verified Admittedly, after the passing of the decree, the amount was not paid by the judgment debtor within 60 days. According to the decree holder. Interest Is, therefore, liable to be paid @ 18% p.a. from the date of decree till payment. On the other hand, according to the judgment debtor, the rate of Interest from the date of decree for the first 60 days was fixed @ 10% p.a., and if the payment of the amount % was not made within 60 days, for the period thereafter, the computation of interest had to be made @ 18% p.a. Having heard learned counsels and perused the operative part of the judgment dated 21.07.2009, I am of the view that the Court had fixed the rate of interest from the date of decree for the first 60 days @ 10% p.a. and the higher rate of interest @ 18% was applicable only for the period after the expiry of the first 60 days. This is clear from the use of the words "thereafter" and the words "again entitled to Interest ^ at 18% per annum". It Is not disputed that the decree holder has received the amount due in terms of the interpretation given by me above. Therefore, in my view, the execution stands satisfied. Petition is disposed of. VIPIN SANGHI, J SEPTEMBER 10, 2010 sr