M/S HERO CYCLES LTD. vs RAMESH CHANDER AND ANR

RSA-4718-2012 241 IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH RSA-4718-2012 (O&M) Decided on : 21.05.2026 M/s Hero Cycles Limited (C.R.Division) ….Appellant Versus Ramesh Chander & anr. ….Respondents CORAM: HON’BLE MR. JUSTICE PANKAJ JAIN ***** Present :- Mr. Sandeep Arora, Advocate for the appellant. Mr. Aayush Gupta, Advocate and Mr. Abhishek Chaudhry, Advocate for the respondents. ***** PANKAJ JAIN, J. (ORAL) 1 Appellant-plaintiff is in second appeal. For convenience, parties hereinafter are referred to by their original position in the suit, i.e. the appellant as plaintiff and respondents as defendants. 2 Plaintiff filed suit for recovery of Rs.3,72,178/- including principal amount of Rs.2,36,618/- against the defendants. 3 As per plaintiff, defendants used to purchase goods from the plaintiff-company from time to time. As per business terms the defendants are liable to pay interest @2% per month in case the payment was delayed by more than 30 days. Defendants were required to issue ST-XXII forms or to POOJA SHARMA 2026.07.04 11:24 I attest to the accuracy and integrity of this document RSA-4718-2012 pay the sales tax at the rate applicable. The defendants purchased g