JUDGEMENT
-
(1.) THE petitioner is aggrieved by the order dated 9.7.2013 passed by the Debt Relief Court, Malpura, whereby the learned Judge has dismissed
the application filed under Sections 151 and 152 CPC.
(2.) THE brief facts of the case are that the petitioner filed an application under Section 6 of the Rajasthan Agriculture Loan Act, 1856, stating
therein that in 1999, he had taken a loan of Rs.1 lac from the respondent.
According to the petitioner since he had repaid Rs.30,000/ -, only
Rs.70,000/ - remained to be repaid. However, the respondent, by
calculating interest on interest, has shown outstanding amount of
Rs.2,50,000/ -. Therefore, the petitioner prayed that the actual due amount
be divided in easy installments, as he is a poor agriculturist. However, the
respondent denied the contents of the application submitted by the
petitioner. The respondent submitted that on 29.4.2002 the petitioner had
taken the loan of Rs.1,60,785/ - from him with an interest of 24% per
annum, and that a pro -note in this regard was prepared in favour of the
respondent's father. The respondent claimed that Rs.2,10,320/ - is to be
repaid by the petitioner to him.
During the course of the trial, the parties entered into a compromise regarding payment of the load amount. According to the compromise, the
parties agreed that an interest would be paid from the date of the judgment
and decree. A joint application was filed under Section 6 of the Act
before the learned court. However, the learned court has directed that the
interest would be paid from 6.4.2004 i.e. from the date of filing of the suit,
and not from the date of the judgment and decree. Hence, this petition
before this Court.
(3.) MR . Raghunandan Sharma, the learned counsel for the petitioner, has contended that on 10.7.2009 both the parties had entered into a
compromise (Annexure -1). According to the compromise the applicant
had agreed to pay Rs.1 lac to the respondent in installments. The
installments were to be paid every six months beginning with 30.10.2009.
Most importantly, it was agreed that the amount of Rs.1 lac will carry an
interest of 9% to be calculated from the date of the passing of the decree.
The said compromise was submitted before the learned court below. On
the basis of the said compromise, by judgment dated 16.7.2009 a decree
was passed.;
Click here to view full judgement.
Copyright © Regent Computronics Pvt.Ltd.