LAWS(DLH)-2011-4-359

JAGSON AIRLINES LTD. Vs. PREMIUM INT. FINANCE LTD.

Decided On April 25, 2011
Jagson Airlines Ltd. Appellant
V/S
Premium Int. Finance Ltd. Respondents

JUDGEMENT

(1.) I.A. No. 6295/2009

(2.) THE Plaintiff has filed this suit for recovery of Rs. 43,92,018/ - along with interest thereon against the Defendants under Order XXXVII of the Code of Civil Procedure.

(3.) ON 24th January, 1995, the Plaintiff advanced an additional loan of Rs. 16,00,000/ - whereupon Defendant No. 1 who executed an agreement and demand promissory note in favour of the Plaintiff and Defendant No. 2 executed a personal guarantee in favour of the Plaintiff.