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HIGH COURT OF DELHI
LPA 55/2011
PRADESHIYA INDUSTRIAL AND INVESTMENT CORP OF UP LTD. ..... Appellant
Through Mr. Arvind Varma, Sr. Advocate with Mr. Ajay Kholi & Mr. Deependranarain Singh, Advocates.
Through Mr. Digvijay Rai, Advocate for respondent Nos. 1 to 3.
HON'BLE MR. JUSTICE SANJIV KHANNA O R D E R 20.01.2011
CM No. 767/2011 Exemption application is allowed, subject to all just exceptions.
CM No. 769/2011 This is an application for condonation of delay of ten days in filing the appeal. Having heard Mr. Arvind Varma, learned senior counsel along with Mr. Ajay Kholi, learned counsel for the appellant and Mr. Digvijay Rai, learned counsel for the respondent Nos. 1 to 3, we find that sufficient cause exist for condonation of delay and accordingly the delay in filing the appeal stands condoned.
2011:DHC:351-DB The application is disposed of.
As we have condoned the delay, we are inclined to take up the appeal for admission and final disposal.
JUDGMENT
2. The present appeal is directed against the order dated 23rd November, 2010 passed by the learned single Judge in Writ Petition
(Civil) No. 7949/2009. The learned single Judge in paragraph 11 has directed as follows:-
3. In Court learned counsel appearing for the appellant has submitted that he does not intend to challenge any other aspect of the order passed by the learned single Judge and the appellant corporation is prepared to pay simple interest @ 13% during the tenure of the bond till 10th January, 2009 and thereafter 9.5% simple interest till the date of actual payment.
4. Learned counsel for the respondent Nos. 1 to 3 has submitted that the order passed by the learned single Judge being flawless, this Court should not interfere.
5. Having heard the learned counsel for the parties, we are inclined to modify the order of the learned single Judge to the extent that the appellant shall pay 13% interest till the maturity of the bond as per the terms and conditions stipulated in the bond and thereafter @ 9.5% interest till the date of actual payment. The amount shall be computed and be paid to the respondent Nos. 1 to 3 by 30th April, 2011.
6. With the aforesaid modification in the order of the learned single Judge, the appeal stands disposed of without any order as to costs.
CHIEF JUSTICE SANJIV KHANNA, J. JANUARY 20, 2011 VKR