K.RAMACHANDRA RAO, A.SAMBASIVA RAO
Konakalla Venkata Satyanarayana (Died) – Appellant
Versus
State Bank of India – Respondent
( 1 ) THIS appeal was preferred by the 2nd defendant originally against the judgment and decree in O. S. No. 50 of 1968 on the file of the Court of the District Judge, Guntur decreeing the suit of the plaintiff, State Bank of India for the recovery of a sum of Rupees 74,644-04 together with interest thereon and costs. The second defendant having died, his legal representatives were brought on record as appellants 2 and 3.
( 2 ) THE relevant facts are as follows: For convenience sake, the parties are referred to according to their ranks in the trial court. The plaintiff, the State Bank of India, filed the suit for the recovery of a sum of Rupees 74,644-04 on the basis of two accounts opened by the defendants with the plaintiff. The 1st defendant was a partnership firm known as Padarti Ratnam and Company. Defendants 2 to 7 were the partners of that firm. Padarthi Ratnam and Co. , was carrying on business in tobacco at Guntur for a long time, Prior to 13-8-1964 the partners of the firm were late Padarthy Ratnam (who is the son of the 4th defendant and the husband of the 5th defendant) and defendants 2, 3, 6 and 7. During the lifetime of Padarthy Ratnam, the said Ra
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