THE HON'BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.993 of 2011 In Company Application No.568 of 2008 13th September, 2011 Between :- N.Shyam Rao .. Applicant And M/s.Mamatha Chit Funds (P) Ltd. (in Prov.Liqn) Rep.by the Official Liquidator, High Court of A.P., Hyderabad .. Respondent THE HON'BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.993 of 2011 In Company Application No.568 of 2008 ORDER:- This application has been filed by the respondent in C.A.No.568 of 2008 to accept Rs.56,000/- towards full satisfaction of the Decree dated 19-9-2008. The applicant suffered a Decree in C.A.No.568 of 2008. As per the Decree granted in C.A.No.568 of 2008, he has to pay Rs.56,000/- together with interest at 12% per annum from 1-1-2000 till the date of payment. The Official Liquidator in his report states that the applicant herein paid principal amount of Rs.56,000/- on different dates. It is also stated in the report that balance payable as per the Decree is Rs.75,561/-. Learned Counsel appearing for the applicant submits that the prized amount received by the applicant is only Rs.60,000/- and thereafter the applicant repaid Rs.44,000/- and what is leftover is only Rs.16,000/- in respect of the balance prize amount. A further submission has been made that in similar circumstances this Court waived interest portion vide order dated 11-3-2010 passed in C.A.No.319 of 2009 in C.A.No.2276 of 2004 in C.P.No.13 of 2002. It is not in dispute that the applicant paid Rs.44,000/- prior to the filing of C.A.No.568 of 2008 and Rs.56,000/- after the Decree being passed in the said application. It is stated in the affidavit filed in support of the application that the applicant is eking out his livelihood by doing a private job as Salesman in a Wholesale Cloth Stores and earning Rs.8,000/- per month and that he is the only earning member in the family comprising himself and his three school and college going children. Having considered the facts and circumstances, the applicant is directed to pay Rs.15,000/- (Rs.Fifteen thousand only) towards interest portion and the rest of the amount towards interest and costs is waived. The applicant has to pay the said amount of Rs.15,000/- within thirty days from today, failing which the interest granted in the Decree stands revived. Accordingly, the application is partly allowed. _________________________ B.Seshasayana Reddy, J 13th September, 2011 smr