(1.) Defendant Sukhminder Singh, having lost in both the courts below, has filed the instant second appeal.
(2.) Respondent-plaintiff Nirbhai Singh filed suit against defendantappellant for recovery of Rs.5,07,500/- alleging that the defendant on 09.09.1999, borrowed Rs.3,50,000/- from the plaintiff and agreed to repay the same with interest @ 1.5% per month and executed pronote and receipt for the same, but defendant did not repay the principal and interest amount.
(3.) Accordingly, plaintiff sought recovery of Rs.3,50,000/- as principal amount and Rs.1,57,500/- as interest till filing of the suit i.e. total amount of Rs.5,07,500/-.