Civil Revision No.3941 of 2011 -: 1 :- IN THE HIGH COURT FOR THE STATES OF PUNJAB AND HARYANA AT CHANDIGARH Civil Revision No.3941 of 2011 Date of decision: July 21, 2011. The Ludhiana Primary Co-operative Agricultural Development Bank Limited ... Petitioner v. M/s Lubana Labour and Construction Co-operative Society Limited & Another ... Respondent(s) CORAM: HON'BLE MR. JUSTICE KANWALJIT SINGH AHLUWALIA Present: Shri Manjit Singh Sarao, Advocate, for the appellant(s). Shri Rajesh Girdhar, Advocate, for respondent No.1. Kanwaljit Singh Ahluwalia , J. (Oral): This Court, on July 13, 2011, had passed the following order:- “On the basis of a compromise, award dated 15.3.1999 (Annexure P1) was passed against he present petitioner. The respondent has filed an execution application wherein the entire amount was paid. However, regarding interest, the Court of District Judge, Ludhiana, vide its order dated 13.3.2010 (Annexure P6) has observed as under:- “... So far as the interest on this amount is concerned, same may be calculated and separate application may be moved by the decree holder realizing the same. Decree holder is however, directed to provide PAN number to the JD. File be Civil Revision No.3941 of 2011 -: 2 :- consigned to record room. ...” An application dated 31.3.2010 (Annexure P7) was filed by the respondent praying that he is entitled to Rs.6,39,299.27 ps. as an interest. According to learned counsel for the petitioner, without affording any opportunity of hearing, warrants of attachment dated 20.4.2011 (Annexure P8) have been issued. He submits that to show his bona fide, the petitioner is ready and willing to deposit the amount by way of a bank draft. However, he submits that the petitioner be allowed to participate in the execution proceedings to show that the amount of interest, so calculated, is not correct. Issue notice of motion for 21.7.2011. Process dasti. The petitioner is directed to tender the demand draft in the Court of District Judge, Ludhiana on or before the date fixed i.e. 16.7.2011 in the execution proceedings. In case he does so, warrants of attachment of property dated 20.4.2011 (Annexure P8) shall be kept in abeyance and he be allowed to participate in the execution proceedings. However, draft be kept in Court till next date of hearing. A copy of this order, duly attested by the Court Secretary of this Court, be furnished to learned counsel for the petitioner, for compliance.” Today, Shri Rajesh Girdhar, Advocate, has caused appearance for respondent No.1. Counsel for the petitioner states that in terms of the order dated July 13, 2011, he has tendered the Bank Draft of the amount Civil Revision No.3941 of 2011 -: 3 :- demanded by the decree holder. Counsel for the petitioner further states that interest calculated by the decree holder is disputed and the calculations made are not correct. He further states that he can demonstrate before the Executing Court that the demand of interest is highly exaggerated. Counsel for respondent No.1 states that the petitioner only intends to delay the execution proceedings. After hearing Counsel for the parties, it is ordered that the warrant of attachment of property dated 20.4.2011 is quashed. The Executing Court is directed to conclude the execution proceedings within three months from the next date of hearing. Disposed of. [Kanwaljit Singh Ahluwalia] July 21, 2011. Judge kadyan