The Tribunal is of the considered opinion that sometimes in appropriate cases the prerogative of mercy is the brightest jewel in the crown of the Judge. Keeping in view the facts and circumstances of the instant case including nature of the hypothecated vehicles, undertaking of the defendants, quantum of loans and prevalent market rates of interest which have gone drastically downhill in yester years, while exercising the discretion vested in this Tribunal, this Tribunal deems it just and appropriate to grant simple interest (a>8.00%p.a. in the loan accounts from the date of filing of the OA till realization of the amount ordered vide this final order. It is ordered accordingly. 11. In the result, the application is allowed declaring that the defendant no. 1 is liable to pay to the applicant sum of Rs 16,21,676.18 (Rupees Sixteen Lacs Twenty One Thousand Six Hundred Seventy Six and Paise Eighteen Only) and the defendants are liable to pay to the applicant sum of Rs.36,54,225.96 (Rupees Thirty Six Lacs Fifty Four Thousand Two Hundred Twenty Five and Paise Ninety Six Only), jointly and severally, with costs, current and future simple interest @8.00%p.a. in the loan accounts from the date of filing of OA till the date of realization of the amount. Accordingly, the applicant shall be entitled to recover aforesaid amount from the sale of hypothecated vehicles of defendant nos. I & 2 in execution
