IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION
CIVIL APPEAL NO. 3459 OF 2019 (Arising out of SLP (C) No. 49 of 2019)
PIONEER GLOBEX PVT. LTD. & ORS. Appellant(s) VERSUS
BANK OF BARODA Respondent(s)
O R D E R
Pursuant to our orders, the appellants have done the
needful and finally deposited the entire decretal amount
together with interest at the rate of 12 per cent per annum.
Mr. Dushyant Parashar, learned counsel appearing for
the respondent-Bank, however, has submitted before us that
in point of fact, the decretal amount ought to be 97 lakhs
more, but, this would only be so if calculated with rests.
Since we are of the opinion that simple interest alone is to
be paid, we cannot accede to this argument.
This being the case, we set aside the impugned
judgment and record that the decree of the Bank of Baroda
stands satisfied. Properties that have been mortgaged with
the Bank will be released from such mortgage forthwith, and
documents will have to be returned within a period of four
weeks from today.
The appeal stands disposed of in the aforesaid terms.
…………………………………………………………………., J. [ ROHINTON FALI NARIMAN ]
…………………………………………………………………., J. [ VINEET SARAN ]
New Delhi; April 08, 2019.
ITEM NO.55 COURT NO.5 SECTION III