IN THE HIGH COURT OF DELHI AT NEW DELHI
M/S SETHI LEASING AND FINANCE CO. THROUGH ITS PROPRIETOR SH. DES RAJ SETHI – Appellant
Versus
SHIV KUMAR PASRIJA & ANR. – Respondent
J U D G M E N T
NEENA BANSAL KRISHNA, J.
1. Regular First Appeal under Section 96 of the Code of Civil Procedure, 1908 (Hereinafter referred to as ‘CPC’) has been filed on behalf of the Appellant / Plaintiff against the Judgment dated 27.11.2025 of the learned District Judge whereby the Suit of the Plaintiff / Appellant has been decreed in the sum of Rs. 5.60 Lakhs along with interest to 8% per annum. The challenge by the Plaintiff / Appellant is limited to the reduction of the rate of interest from 3% per month to 8% per annum.
2. Brief facts are that a Civil Suit bearing Civ. DJ No. 610436/2016 under Order XXXVII CPC was filed by the Plaintiff / Appellant for the Recovery of Rs. 5 Lakhs along with interest @ 3% p.m. It was claimed by him that he had given a cash loan of Rs. 5 lakhs to the Defendants for a period of 24 months on a monthly interest of 3%.
3. The Suit was decreed vide Judgement dated 27.11.2025 for the claimed amount of Rs. 5 Lakhs, but the interest was granted @ 8% p.a., instead of claimed interest rate of 3% p.m.
4. The Plaintiff, in the grounds of Appeal, has contended that as per the Loan Agreement and the Promissory Note dated 19.07.2008, the contractual rate o
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