SURESH KUMAR KAIT, N.BALAYOGI
Aryan Co-operative Urban Bank Ltd. – Appellant
Versus
A. P. Womens Co-operative Finance Corporation Ltd. – Respondent
Suresh Kumar Kait, J.
Vide the present appeal, the appellants have assailed the order dated 11th February 2003, passed by the VII-Additional Chief Judge, City Civil Court, Hyderabad, in O.S.No.246 of 1998, whereby, the aforesaid suit has been decreed for Rs.1,95,30,891.55 ps., with interest @ 13.5% p.a. from the date of the suit till the date of realization. The 1st respondent/plaintiff- Corporation was directed to give credit to the tune of Rs.1,65,76,205/- made by the 1st appellant-Bank during the pendency of the suit on the respective dates of payments.
2. The 1st respondent-Corporation filed aforementioned suit by stating that the A.P. Women Co-operative Finance Corporation Ltd., Ameerpet, Hyderabad (hereinafter shall be referred to as Corporation) was established in the year 1975 on the eve of the International Women Year. The twin objectives of International Women Year were; promotion of equality between men and women and the active involvement of women in National development. The Corporation had undertaken the massive programme of employment oriented Agro indu
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