BALKAR SINGH Vs. AMAR SINGH

JUDGEMENT

(1.) DEFENDANT Balkar Singh having lost in both the courts below has filed the instant second appeal.

(2.) RESPONDENT -Plaintiff Amar Singh filed suit against Defendant -Appellant for recovery of Rs. 57,020/ - alleging that the Defendant, on 30.04.2004, borrowed Rs. 50,000/ - from the Plaintiff and agreed to repay the same with interest @ 1.56% per month and executed pronote and receipt for the same, but the Defendant failed to pay the loan and interest amount. Accordingly, Plaintiff claimed Rs. 50,000/ - as principal amount and Rs. 7,020/ - as interest on the aforesaid agreed rate of interest till filing of the suit.

(3.) LEARNED Additional Civil Judge (Senior Division), Nabha, vide judgment and decree dated 23.05.2008, decreed the Plaintiff's suit for recovery of principal amount of Rs. 50,000/ - with interest @ 1% per month from the date of pronote and receipt and future interest @ 6% per annum. First appeal preferred by the Defendant has been dismissed by learned Additional District Judge, Patiala, vide judgment and decree dated 15.11.2010. Feeling aggrieved, Defendant has preferred the instant second appeal.