R. S. A. No. 1426 of 2011 (O&M) 1 IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH. Case No. : R. S. A. No. 1426 of 2011 (O&M) Date of Decision : April 05, 2011 M/s Malwa Trading Company and others .... Appellants Vs. Jaspal Singh .... Respondent CORAM : HON'BLE MR. JUSTICE L. N. MITTAL * * * Present : Mr. Anil Kumar Garg, Advocate for the appellants. * * * L. N. MITTAL, J. (Oral) : C. M. No. 3992-C of 2011 and Main Appeal : Learned counsel for the appellants, after arguing for some time, seeks permission to withdraw the instant second appeal, with prayer that the appellants be permitted to pay the decretal amount in instalments and it is further stated that the appellants are also ready to pay interest @ 6% per annum on the decretal amount from today onwards. Prayer is genuine. I intend to accept the same without issuing notice to the plaintiff-respondent to save him of the expenses he may have to incur to engage counsel in the instant second appeal, if notice of motion R. S. A. No. 1426 of 2011 (O&M) 2 is issued to him. On the contrary, if the prayer for payment of decretal amount in instalments in accepted, it will ensure timely recovery of the decretal amount without hazards of filing execution petition and securing attachment and auction etc. of property of defendants. In view of the aforesaid, the instant second appeal is dismissed as withdrawn. However, the appellants are permitted to pay the decretal amount in monthly instalments of Rs.10,000/- each, the first instalment being payable on or before 25.04.2011 and subsequent instalments on or before 25th of every succeeding English Calendar month. The appellants shall also pay simple interest @ 6% per annum on the decretal amount of Rs.2,69,025/- from today onwards. The interest amount shall be payable after the principal amount is paid. If the appellants commit default in payment of two consecutive instalments, the entire balance amount shall become recoverable in lump sum along with interest as aforesaid. The appeal stands disposed of accordingly. April 05, 2011 ( L. N. MITTAL ) monika JUDGE