JUDGMENT :

M. Venkata Ramana, J.

1. This is a regular first appeal filed under Section 96 CPC by the 2nd defendant against the decree and judgment in OS No. 42 of 1989 dated 27.10.1995.

2. The respondents 1 to 4 are the plaintiffs. The respondent No. 5 is the 1st defendant and the respondents 6 to 8 are defendants 3 to 5 respectively.

3. The appeal against respondents 6 to 8 was dismissed for default by an order of this Court dated 1.2.2011.

4. The respondents 1 to 4 laid the suit against the respondents 5 to 8 and the appellant for recovery of Rs. 3,00,000/- with future interest at 12% thereon from the date of filing the suit and for costs.

5. The appellant was an employee of the 4th respondent, which is a cooperative society running mini super bazaar at Srikakulam. The appellant worked as Special Officer therein from 17.9.1986 to 13.7.1987. He was in-charge of transacting business on behalf of this society as Special Officer including purchase and sales as well as its administration. The 6th respondent was working in the 4th respondent cooperative society as an accountant during the tenure of the appellant. The respondents 7 and 8 were the Principals of the respondents 2 and 3 resident