Civil Writ Petition No. 10973 of 2007 1 In the High Court of Punjab and Haryana, at Chandigarh. Civil Writ Petition No. 10973 of 2007 Date of Decision: 16.11.2009 The Danga Pirat Co-operative House Building Society Limited. …Petitioner Versus State of Punjab and Others …Respondents CORAM: HON’BLE MR. JUSTICE KANWALJIT SINGH AHLUWALIA. Present: Mr. Sumeet Mahajan, Senior Advocate with Mr. Sham Lal Bhalla, Advocate for the petitioner. Mr. Anil Kumar Sharma, Additional Advocate General, Punjab, for respondent No.1. Mr. D.V. Sharma, Senior Advocate with Ms. Shivani Sharma, Advocate for respondents No.2 to 4. Kanwaljit Singh Ahluwalia, J. (Oral) Counsel for the parties are in agreement that the present case can be decided in same terms as in United Co-operative Housing Building Society Ltd. v. State of Punjab and Others (Civil Writ Petition No. 20514 of 2008, decided on 5.11.2009) except with a variation that in the case of petitioner-Society rate of interest will be 15% instead of 12% as specified in United Co-operative Housing Building Society's case (supra). Civil Writ Petition No. 10973 of 2007 2 Counsel for the parties are further in agreement that in the present case also, the Arbitrator appointed by Revisional Authority in United Co-operative Housing Building Society's case (supra) should also act as Arbitrator. Ms. Shivani Sharma, Advocate, appearing for respondents No.2 to 4, has made statement, on instruction from P.C. Gupta, Accounts Officer, Greater Mohali Area Development Authority. The Arbitrator, after determining the amount, shall also hear the parties and fix the Schedule of payment. In view of statement made by counsel for the parties and observations made above, the present writ petition is disposed of. (Kanwaljit Singh Ahluwalia) Judge November 16, 2009 “DK”