JUDGMENT

A.V Ravindra Babu, J. - Challenge in this appeal suit is to the judgment, dated 28.04.2017 in O.S.No.1263 of 2015, on the file of I Additional Senior Civil Judge, Vijayawada ('Additional Senior Civil Judge' for short), whereunder the learned Additional Senior Civil Judge, in a suit filed by the plaintiff for recovery of a sum of Rs. 13,76,000/- basing on the promissory note, dated 08.12.2012 against the defendant, decreed the same for a sum of Rs.13,76,000/- with interest at 12% per annum on the principal amount of Rs. 8,00,000/- from the date of suit till the date of decree and with subsequent interest at 6% per annum from the date of decree till the date of realization.

2. The parties to this Appeal Suit will hereinafter be referred to as described before the learned Additional Senior Civil Judge for the sake of convenience.

3. The case of the plaintiff, in brief, according to the averments in the plaint is that the defendant borrowed a sum of Rs.8,00,000/- on 08.12.2012 from the plaintiff for his family expenses and executed the promissory note in favour of the plaintiff on the same day, agreeing to repay the amount with interest at 24% per annum either to the plaintiff or