V. amasubramanian, J.

1. The defendants in a suit for recovery of money have come up with this appeal, challenging the judgment and decree of the trial Court.

2. We have heard Mr. Anand Kumar Kapoor, learned counsel for the appellants/defendants, and Ms. Manjari S Ganu, learned counsel for the respondent/plaintiff.

3. The respondent herein filed a suit in O.S. No. 692 of 2007 on the file of the XIII Additional Chief Judge (Fast Track Court), City Civil Court, Hyderabad, against the appellants herein for recovery of a sum of Rs. 44,60,170/- together with interest at the rate of 18% p.a. from 10.11.2007 till realization, upon the principal amount of Rs. 44,08,000/-.

4. In brief, the averments contained in the plaint were that with a view to establish health clinics/diagnostic centers at Aundh and Kothrud at Pune, with the technical know-how supplied by the appellants/defendants, the respondent/ plaintiff entered into two Memoranda of Understanding on 09.12.2004 with the appellants/defendants; that in terms of Clause 4 of the Memoranda of Understanding, the respondent/plaintiff paid a sum of Rs. 20,00,000/- under each of the MOUs together with service tax to the tune of Rs. 2,04