JUDGMENT

1. Challenge in this Appeal Suit is to the judgment, dtd. 16/12/2016, in Original Suit No.280 of 2012 on the file of the Court of Principal Senior Civil Judge, Guntur (for short, 'the learned Senior Civil Judge'), where under the learned Principal Senior Civil Judge decreed the suit of the plaintiff for a sum of Rs.8, 58, 665.00 with subsequent interest at 12% per annum from the date of suit till the date of decree and thereafter at 6% per annum on the principal sum of Rs.5, 00, 000.00.

2. The parties to this Appeal Suit will hereinafter be referred to as described before the trial Court, for the sake of convenience.

3. The case of the plaintiff, in brief, according to the averments in the plaint is that, plaintiff and her husband are the family friends of the defendant since 10 years. Defendant is cordially related to the plaintiff's husband and his family members. Defendant's family members also have good acquaintance with the family of the plaintiff. In the month of March, 2009, the defendant requested the plaintiff and her husband to lend a sum of Rs.5, 00, 000.00 for the purpose of his business, agreeing to repay the same within two months with interest at 24% p.a. Pla