I. VENKATANARAYANA, J.

( 1 ) THE plaintiffs are the appellants. O. S. No. 188 of 1978 on the file of the principal Subordinate Judge, Visakhapatnam has been filed by the plaintiffs for a declaration that the plaintiffs are entitled to a sum of Rs. 5,000/- per month under an agreement with a charge on the 1st defendant-company and personal liability of the Directors of the 1st defendant-company and to direct the defendants to pay the 1st plaintiff a sum of Rs. 14,000/- with a charge on the 1st defendant-company and also to direct the defendants to pay rs. 3,500/- to the 1st plaintiff with a charge on the 1st defendant-company and to direct the defendants to pay a sum of Rs. 1,500/- to the 2nd plaintiff every month with a charge on the 1st defendant-company and make the directors personally liable.

( 2 ) FOR the sake of convenience the parties to this appeal will be referredto in accordance with their ranking in the suit.

( 3 ) THE averments in the plaint in brief, are as follows:- The 1st plaintiff was running Kamal Steel Industries . In 1967 there was a proposal to start corbmandel Fertilisers Company at Visakhapatnam and the 1st plaintiff conceived the idea of manufacturing laminat

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