STATE BANK OF PATIALA Vs. SEWA SINGH

JUDGEMENT

(1.) PLAINTIFF -appellant Bank filed a suit for recovery. The said suit was decreed by the trial Court vide judgment and decree dated 4.4.2008. Aggrieved by the same, defendants No. 2 to 6 filed an appeal. The said appeal was partly allowed by the Additional District Judge, Kaithal vide judgment and decree dated 17.10.2008 whereby pendente lite and future interest was reduced to 6% per annum from 12% per annum. Hence, the present appeal by the plaintiff-Bank.

(2.) THE case of the parties, as noticed by the learned Additional District Judge in paras 2 and 3 of its judgment reads as under :-

(3.) LEARNED counsel for the appellant has submitted that the trial Court had allowed future rate at the agreed rate between the parties. Learned Additional District Judge has erred in reducing the rate of interest on erroneous consideration.