JUDGMENT:- The plaintiffs have filed this suit for recovery of Rs.15,14,474/-. The plaintiffs have also prayed for interest to the tune of Rs.10,86,495.52 @ 24% p.a., from the date of the dishonour, till filing of the suit. The plaintiffs have also claimed interest @ 18% p.a. from the date of the filing of the suit till realization and costs.

2. The plaintiffs have instituted the present suit on the basis of four cheques of different dates totaling to Rs.15,14,474/-, which eventually got dishonoured on 12-12-2002.

3. The present suit is basically filed on the basis of four dishonoured cheques by taking the benefit of provisions of Order 37 of C.P.C. Accordingly, the plaintiffs had taken out Summons for Judgment. The Summons for Judgment was decided on merits. By an order dated 07 -10- 2008, the defendants were ordered to deposit a sum of Rs.10,00,000/- on or before 12-11-2008 and subject to that condition, the defendants were permitted to file the written statement. It is an admitted fact that the defendants have not complied with the order dated 07 -1 0- 2008. The plaintiffs have therefore, filed affidavit of evidence and tendered in the Court original documents, namely four dis

Click Here to Read the rest of this document