The absence of the respondent in the liquidation proceedings results in a decree for payment at a reasonable interest rate as adjudged by the court.

JUDGMENT

The Liquidator has filed a claim dated 28.06.2022 seeking a decree against the respondent for a sum of Rs.3,14,750/- along with interest, at the rate of 12% per annum from the date of default i.e., 30.08.2013 till the date of realisation.

2. There was no appearance for the respondent and he was set exparte on 22.01.2026 and the case was posted to this date.

In the above facts and circumstances, since there is no contest to the claim made and on a finding that grant of 6% interest appears to be reasonable in the facts of this case, this application is allowed and an amount of Rs.3,14,750/- (Rupees three lakhs fourteen thousand seven hundred and fifty only) is decreed against the respondent to be paid along with interest at the rate of 6% per annum on the said sum from 30.08.2013 till realisation. No costs.

Sd/-