RSA No. 86 of 2009 (1) IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH RSA No. 86 of 2009 Date of Decision: 4.9.2009 M/s Shikhar Chand Rishab Kumar Jain and another ......Appellants Versus Priyanka and another .......Respondents CORAM: HON'BLE MR. JUSTICE HEMANT GUPTA. 1. Whether Reporters of local papers 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? Present: Shri Sanjay Mittal, Advocate, for the appellants. Shri Mukesh Mittal, Advocate, for respondent No.1. HEMANT GUPTA, J. (Oral). The only substantial question, which arises for consideration in the present appeal is:- “Whether the grant of interest @1.95% per month is onerous on the facts and in the circumstances of the case?” The plaintiff-respondent has filed a suit for recovery of Rs.30,000/- on the basis of pronote dated 14.3.1996 with interest @ 1.95% per month. Both the Courts have decreed the suit of the plaintiff and granted interest @ 1.95% per month. In my opinion, the rate of interest granted by the Courts below is excessive; onerous and penal in nature. Therefore, the judgment and RSA No. 86 of 2009 (2) decree passed by the Courts below are modified to the extent that the rate of interest shall be 1% per month instead of 1.95% per month. The present appeal stands disposed of accordingly. (HEMANT GUPTA) JUDGE 4.9.2009 ds