As per submissions of the plaintiff after the order dated 24.03.2021, the plaintiff had already initiated execution proceeding but till date the defendant has not paid either the principal amount or the interest as decreed by this Court. The main contention of the plaintiff is that in terms of invoices there was a contract between the parties with respect of the interest which clearly provides that in case, the defendant failed to pay the amount within 15 days from the bill date, the defendant is liable to pay interest @ 24% per annum. This Court while passing the order dated 24.03.2021 has awarded interest @ 8% and relegated the further claim for trial. As per Exhibit 3 i.e. Legal Notice sent by the plaintiff to the defendant dt. 04.08.2017 wherein the defendant has claimed interest @ 18% per annum. The Judgment relied upon by the plaintiff in connection with Interest Act and the said case pertains to the arbitration proceeding. In the said case, the Hon’ble Supreme Court has defined Sections 3, 4 & 5 of the Interest Act. There is no doubt if the parties have agreed for the interest in a contract, the parties are entitled to get interest in terms of the contract. In the instance case, the plaintiff has relied upon the invoices and claiming interest @ 24% per annum and on the other hand, the plaintiff has claimed interest @ 18 % per annum through Exhibit 2 from the defendant. While passing orders on admission dt. 24.05.2021, this Court has awarded interest @ 8% from 01.07.2017 till realization. In the case reported in (2014) 11 SCC (Tamil
