L.NARASIMHA REDDY
Nellore Arya Vysya Bullion Merchants and Pawn Brokers Association – Appellant
Versus
K. Bhaskar Rao – Respondent
( 1 ) THIS Transfer CMP is filed seeking transfer of O. S. 1233 of 2000 on the file of the II Senior Civil Judge, City Civil Court, hyderabad to the Court of Senior Civil judge, Nellore to be tried along with O. S. 38 of 1989, 30/2000 and 113/2000 pending in that Court.
( 2 ) THE first respondent filed O. S. 1233 of 2000 in the Court of II Senior Civil Judge, city Civil Court, Hyderabad against the petitioners 1 to 4 and respondents 2 and 3 for recovery of a sum of Rs. 3,48,440/- (Rupees Three lakhs forty eight thousands four hundred and forty only ). It is his case that respondents 2 and 3 borrowed a sum of rs. 2,00,000/- from one Mr. T. Suresh on 29-05-1997 and executed a promissory note for repayment of it. He contends that the holder of the promissory note, in turn, had transferred it in his favour. He pleaded that despite several demands, petitioners 1 to 4, who have succeeded to respondents 2 and 3 in administration of the association, have not repaid the same.
( 3 ) THE petitioners contend that the promissory note, which is the subject matter of the suit, itself was brought about fraudulently by respondents 2 and 3 detrimental to the interests of the fi
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