( 1 ) THIS appeal by defendants 3 and 4 in O. S. No. 49 of 1964 on the file of the Court of the Subordinate Judge. Guntur is directed against the judgment and decree granted in favour of the Andhra Bank Ltd. , Guntur the 1st respondent herein, for recovery of Rs. 2,57,625. 47 paise from the defendants.

( 2 ) THE 2nd defendant the father of the defendants 3 and 4 opened various accounts such as open cash amount credit Key Cash Credit. Clean Overdraft Packing Credit and Secured Overdraft Account in the plaintiff-bank early in 1962 and was having credit facilities for carrying on his tobacco trade. He was receiving several amounts under various accounts creating security on goods on hand or on stocks reaching his godowns from day to day. Prior to opening the accounts in the plaintiff-bank he was having credit facilities from the Indian Bank Guntur wherefrom he had borrowed Rs. 75,000. 00 on an equitable mortgage by deposit of title deeds. According to the plaintiff-bank the 2nd defendant requested for a loan of Rs. 75,000. 00 for paying the same to the Indian Bank and created on equitable mortgage by deposit of title deeds as collateral security for due discharge of the t