KULDIP SINGH, RANGANATH MISRA
Hindi Pracharak Prakashan – Appellant
Versus
G. K. Brothers – Respondent
Judgment
Counsel for the decree-holder tells us that the decree has been satisfied by deposit of the decretal dues in the Registry of this Court. Liberty is given to the decree-holder to withdraw the same for satisfying the decree.
2. The property was sold by auction as early as 1980 and for well for 10 years the auction amount has been in deposit in Court without being invested. It was the duty of the decree-holder as also the auction-purchaser to ensure that the money was put into interest earning deposit. The Court should also have taken care to give appropriate direction. No income in the circumstances has been earned on the amount said to be about rupees one lakh and five thousand.
3. Now that the decree has been satisfied and the sale which has not yet been confirmed is being set aside, the auction-purchaser is entitled to the amount deposited in Court as also to reasonable compensation. We are of the view that reasonable compensation in this case should be 12 per cent per annum of interest on the amount. We accordingly direct that within three months from now the judgment-debtor shall deposit the interest due at 12 per cent in the Executing Court and on that amount being deposi
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