IN THE HIGH COURT OF JUDICATURE AT PATNA CWJC No.1089 of 2009 Arvind Singh, S/0- Maheshwari Singh, R/o- Village+P.O.- Kaser, P.S.- Bhagawanpur, District- Kaimur. ……… Petitioner. VERSUS 1. The State of Bihar. 2. The District Magistrate, Kaimur at Bhabua. 3. The District Certificate Officer, Kaimur at Bhabua. 4. The Branch Manager, The State Bank of India, A.D.B., Bhabua. ………. Respondents. ----------- 02 17.03.2009 The petitioner’s uncle late Rajeshwari Singh had taken an agricultural loan from the State Bank of India, A.D.B., Bhabua for purchase of a Tractor amounting to Rs. 2,19,000/-. He defaulted and died. Petitioner was substituted and a certificate proceeding was initiated for recovery of the outstanding dues. Petitioner does not dispute the liability but contests the quantum. He states that in view of the settled decision of the Apex Court and this Court including the judgment in the case of Jainath Prasad Vs. The State of Bihar & Ors. since reported in 1999(3) PLJR 227, wherein it has been categorically held that the interest chargeable on the said account can only be simple interest at the contractual rate and not compound interest. In the case aforesaid, a general direction was issued by this Court to the State Bank of India and all Banks to revise the accounts accordingly. Petitioner asserts that the bank should recalculate the entire dues in the said account on basis of the judgment aforesaid and then whatever comes outstanding he is ready to pay the same but would require some accommodation. Having considered the matter and heard the learned counsel for the parties, I do not find any useful purpose would be served 2 by keeping this writ petition pending. I dispose of the writ petition with a direction to the respondent-bank to verify and recalculate the accounts, charging interest at the contractual rate but the interest would be simple interest and not with either quarterly, half yearly or yearly rest, as held by this Court in the judgment referred to above. The accounts would then in detail be disclosed to the petitioner within 15 days of the petitioner filing a copy of this order before the concerned branch. Petitioner would verify the same and then within six months liquidate the entire dues by making payment would discharge the entire liability directly to the bank. If payments are so made then the certificate proceeding would stand concluded for all purposes, for the aforesaid period of six months. The certificate proceeding being Certificate Case No. 37 (B)/2006-07 pending before the Certificate Officer, Kaimur at Bhabua shall remain stayed including any warrants issued thereunder. In case, the petitioner fails to clear the dues, as indicated above, the certificate proceeding would revive and would proceed in accordance with law. With these directions and observations, the writ petition stands disposed of. Trivedi/ (Navaniti Prasad Singh, J.)