C.R No. 1506 of 2008 ::1:: IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH C.R No. 1506 of 2008 Date of decision : November 09, 2009 Gurcharan Singh, ...... Petitioner (s) v. Oriental Bank of Commerce & others, ...... Respondent(s) *** CORAM : HON'BLE MR.JUSTICE AJAY TEWARI *** Present : Mr. Rakesh Gupta, Advocate for the petitioner. Mr. G.S.Anand, Advocate for the respondent No.1-Bank. *** 1. Whether Reporters of Local Newspapers may be allowed to see the judgment ? 2. To be referred to the Reporters or not ? 3. Whether the judgment should be reported in the Digest ? *** AJAY TEWARI, J (Oral) Counsel for respondent No.1 has fairly stated that inadvertently, the interest had been calculated on compounded basis, whereas, as per the decree, it was to be calculated on the basis that simple interest was to be levied. Consequently, the amount due from the petitioner has come down to Rs.3,87,786.90 upto 31.10.2009 instead of Rs.7,68,842.40 as was mistakenly communicated on 4.8.2009. Counsel for the petitioner states that the petitioner will deposit a sum of Rs.3.75 lacs on or before 13.11.2009 and undertakes to deposit the C.R No. 1506 of 2008 ::2:: remaining amount (after deducting some earlier payments as claimed by him) on or before 30.11.2009, along with future interest from 1.11.2009 till the date of payment. In view of the undertaking given by counsel for the petitioner, this petition stands disposed of. ( AJAY TEWARI ) November 09, 2009. JUDGE `kk'