( 1 ) RESPONDENT No. 3 - H. B. Portfolio Leasing Limited has filed this application under Section 151 Civil Procedure Code for modification of that part of the order dated 25th September, 1998 by which respondent No. 3 was directed to pay further interest at the rate of 14% till 31st October, 1998 on the amount of interest on allotment money from 26th March, 1995 till 30th April, 1995.

( 2 ) IT is, inter alia, alleged that respondent No. 3 came out with a Public issue of 1,60,000 Fully Convertible Debentures and Rights issue of 1,74,02,424 Fully Convertible Debentures of Rs. 65. 00 each in November/december 1994. As per the terms of Prospectus and Letter of Offer a sum of Rs. 20. 00 per debenture was payable on application while further sum of Rs. 45. 00 per debenture was payable on allotment. Pursuant to the decision of the Board of Directors, respondent No. 3 called upon the allottees to make the payment of Call money of Rs. 45. 00 per debenture by 25th March, 1995. It is further stated that because of impending financial year ending On 31st March, 1995, around 90% allottees could not pay the amount of Call money and, therefore, the last date to pay the allotment m