( 1 ) THIS Miscellaneous First Appeal filed by the appellant -guarantor under Section 32 (9) of the State Financial Corporation act is directed against the order dated 17-3-2001 of the II Addl. District and Sessions judge, Bangalore Rural District, Bangalore, in miscellaneous No. 61/1993, whereby the Learned district Judge has allowed the petition filed by the 1st respondent Corporation (KSFC)under Section 31 (1) (aa) of the State Financial Corporation Act in part holding that the appellant and the respondents 2 to 5 shall be jointly and severally liable to pay a sum of Rs. 1,11,91,338/- with interest at 12% per annum from the date of filing the petition, until actual payment. They have been directed to pay the amount within three months from the date of the order.

( 2 ) THE 1st respondent Corporation filed a petition under Section 31 (1 ) (aa) of the State Financial Corporation act for directing the appellant and the Respondents 2 to 5 to pay rs. 1,11,91,338/-with interest at 16. 5% from 20-9-1993. In the petition filed before the district Judge, the 1st respondent Corporation contended inter alia that at the request of M/s Vioryl India (P) Limited, it had sanctione