PREM CHAND JAIN Vs. RAJASTHAN FINANCIAL

JUDGEMENT

(1.) THIS appeal under Section 32(9) of the State Financial Corporation Act, 1951 (for short 'the Act' herein after) is directed against the judgment and decree dated 02.12.2000 passed by the Additional District Judge No. 2, Kota (for short 'the trial Court' herein after), whereby the application filed by the respondent Rajasthan Financial Corporation (for short 'the RFC' herein after) under Section 31(1)(aa) of the Act for recovery of sum of Rs. 4,09,132.34 was allowed and a decree for recovery of Rs. 3,92,469.34 after adjusting sum of Rs. 12,000/ - realised from the sale proceeds of the Industrial Concern of respondent No. 2 was passed.

(2.) AGGRIEVED by the judgment and decree impugned, the appellant who is a guarantor surety, has filed the instant appeal.

(3.) I have heard learned Counsel for the parties at length and carefully gone through the judgment and decree impugned as also the record of the trial Court.