LAWS(P&H)-2012-2-50

SUKHMINDER SINGH Vs. NIRBHAI SINGH

Decided On February 21, 2012
SUKHMINDER SINGH Appellant
V/S
Nirbhai Singh Respondents

JUDGEMENT

(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/-.