JAYACHANDRA REDDY. J, J.

( 1 ) 1. Defendants 1 and 2 viz. the State of Andhra Pradesh represented by the Collector, West Godavari District, Eluru and the Director of Agriculture (Cane Commissioner), Government of Andhra Pradesh, OS. No : 33 of 1973 on the file of the Subordinate Judge, Tanuku are the appellants. The 1st respondent herein viz. , the Andhra Bank Limited filed the suit for a declaration that the plaintiff is entitled to certain sums, in the alternative for a money decree against some of the defendants. The 3rd defendant in the suit is the Sivakami Reserve Area Cane Producers and Suppliers and the 4th defendant is the Sivakami Sugars Ltd, a Public Limited company now at Madurai. 5th defendant is the Managing Director of sivakami Sugars Ltd, who died and defendants 6 to 19 are his legalrepresentatives.

( 2 ) THE plaintiff provided certain credit facilities to the 4th defendant,sivakami Sugars Ltd, and allowed open cash credit to the extent of Rs. 5,00,000/and key cash credit to the extent of Rs. 15,00,000/ besides some other facilities totalling to Rs. 27,00,000/and the 5th defendant executed a letter of guarantee on 22-1-1970 in favour of the plaintiff-Bank for the afor

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