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O.S.No.179 OF 2020
IN THE COURT OF PRINCIPAL JUNIOR CIVIL JUDGE AT PARKAL
Wednesday, this the 24th day of March, 2021
Present : Sri S.R.DILIP KUMR NAIK,
FAC. Principal Junior Civil Judge, Parkal.
O.S.No. 179 OF 2020
Between PunemUpender,S/o.Kotaiah,Aged:34years,Occu:Business, R/o.H.No.11-197, Subash Colony, Bhupalpally Village and Mandal,
Jayashankar Bhupalpally District... Plaintiff
A N D
1) Erram Laxminarayana, S/o.Veeraswamy, Age:52 years, Occu:Singareni Employee, R/o.Q.No.T2-614, Bhupalpally Village and Mandal, Jayashankar Bhupalpally District.
2) Goggela Srinivas, S/o.Sammaiah, Age:45 years, Occu:Singareni Employee, R/o.H.No.14-71/2, Subash Colony, Bhupalpally Village and Mandal,
Jayashankar Bhupalpally District... Defendants
This suit having come before me for final hearing on 18.03.2021 in the presence of Sri Sangem Ravinder, Learned Counsel for the Plaintiff and the defendants failed to appear before the Court and remained set exparte, and upon hearing arguments and perusing the material on record, and the matter having stood over for consideration till this day, this Court delivered the following:-
:: J U D G M E N T ::
The suit is filed by the plaintiff against the defendants for recovery of money for a sum of Rs.3,13,466/- (Rupees Three Lakhs Thirteen thousand
Four hundred and Sixty Six only) against the person and property of defendants holding that the defendant nos.1 aand 2 are liable to pay the amount; grant interest @ 2% per month on Rs.2,00,000/- (Rupees Two Lakhs only) from the date of the suit to till the realization of total decreetal amount.
2.The averments made by the plaintiff in the plaint in brief as follows:-
It is the contention of the plaintiff is that the plaintiff and defendants are acquainted with each since long time. The defendant no.1 representing his family necessities approached the plaintiff and borrowed an amount of
Rs.2,00,000/- (Rupees Two Lakhs only) on 10.06.2018 from the plaintiff and agreed to repay the said amount together with interest @ 2% per month on demand. The plaintiff lent the said amount on 10.06.2018 to the defendant 2
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no.1 in view of the close acquaintance between the parties as a hand loan.
The defendant no.1 borrowed an amount of Rs.2,00,000/- (Rupees Two Lakhs only) and executed a promissory note in favour of the plaintiff on the same day i.e., on 10.06.2018 as a collateral security undertaking his liability to repay the amount together with 2% interest. The defendant no.2 has stood as guarantor and executed an agreement in favour of the plaintiff undertaking his liability to pay amount borrowed by the defendant no.1 in the event the defendant no.1 commits default. The defendant no.1 never paid the principal amount and accrued rate of interest nor any part thereof inspite of plaintiff's repeated demands and the defendant no.1 postponed the repayment of amount due under the promissory note under one or the other pretexts. The defendant no.2 did not respond in this regard inspite of plaintiff's demands. The plaintiff repeated demands for the repayment of amount by the defendants went in vain. The plaintiff submits that the plaintiff got issued a legal notice on 23.09.2020 to the defendants calling him to pay the amount due under promissory note along with interest and the defendants received the same. Even though there is no response from the defendants who neither replied to the legal notice or paid the amount due or any part thereof. In these circumstances the plaintiff has no other go except to file the suit for recovery of money.
3.The defendant nos.1 and 2 failed to appear before the Court and remained set exparte.
4.On behalf of the plaintiff, he filed his chief affidavit and examined himself as PW.1, Exs.A.1 to A.5 got marked. Ex.A.1 is the Original Promissory
Note, dt.10.06.2018, Ex.A.2 is the Office copy of legal notice, dt.23.09.2020,
Ex.A.3 is the Postal Receipt, dt.23.09.2020, Ex.A.4 is the Postal
Acknowledgement Card and Ex.A.5 is the Surety Bond, dt.10.06.2018.
5.Heard.
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6.1) “Whether the plaintiff is entitled for recovery of the suit claim as prayed for”?
2) To what relief?
7. POINT NO.1:-
The plaintiff through his chief examination affidavit has reiterated his plaint averments that, he and the defendant no.1 is well acquaintance to each other since long time and upon such acquaintance the defendant no.1 approached the plaintiff and borrowed an amount of Rs.2,00,000/- (Rupees
Two Lakhs only) to meet his family necessities, upon such acquaintance the plaintiff lent an amount of Rs.2,00,000/- (Rupees Two Lakhs only) and the defendant no.1 having receipt of the said amount executed a demand promissory note on 10.06.2018 by agreeing to repay the same along with interest @ 2% per month as and when demanded by the plaintiff. The defendant no.2 stood as guarantor to the defendant no.1 and executed an agreement in favour of the plaintiff undertaking his liability to pay the amount borrowed by the defendant no.1 in the event of defendant no.1 commit default. On many occasions the plaintiff demanded the defendants for repayment of loan amount with interest, but the defendants used to dodge the matter on one pretext or the other, for which, the plaintiff issued legal notices under Ex.A.2.
8.The defendant nos.1 and 2 failed to appear before this Court and remained set exparte and thus the evidence of PW.1 remained unchallenged as the defendants were set exparte.
9.Hence, this Court by considering the oral and documentary evidence of
PW.1, Exs.A.1 to A.5, holds that the plaintiff could successfully establish that the defendant nos.1 and 2 are liable to pay the amount of Rs.3,13,466/- (Rupees Three Lakhs Thirteen thousand Four hundred and Sixty Six only) 4
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along with interest @ 2% per month from the date of filing of the suit to till the date of decree. Hence, the point is answered in favour of the plaintiff.
10. POINT NO.2:-
In the result, the suit is decreed with costs against the defendant nos.1 and 2 for Rs.3,13,466/- (Rupees Three Lakhs Thirteen thousand Four hundred and Sixty Six only) along with interest @ 24% per annum from the date of filing of the suit till the date of decree and thereafter @ 6% per annum from the date of decree till realization on the principal amount of
Rs.2,00,000/- (Rupees Two Lakhs only).
(Typed to my dictation, corrected and pronounced by me in the open Court on this the 24 th of March, 2021)
Sd/- S.R. Dilip Kumar Naik,
FAC. Prl. Junior Civil Judge, Parkal.
APPENDIX OF EVIDENCE
WITNESSES EXAMINED
For Plaintiff: For Defendants:-
PW.1: Punem Upender- Nil –
EXHIBITS MARKED
For Plaintiff:-
Ex.A.1 is the Original Promissory Note, dt.10.06.2018, Ex.A.2 is the Office copy of legal notice, dt.23.09.2020, Ex.A.3 is the Postal Receipt, dt.23.09.2020, Ex.A.4 is the Postal Acknowledgement Card, Ex.A.5 is the Surety Bond, dt.10.06.2018.
For Defendants:- - Nil –
Sd/- S.R. Dilip Kumar Naik,
FAC. Prl. Junior Civil Judge, Parkal.