By the above Summons for Judgment, the plaintiff has prayed for judgment to be entered in favour of the plaintiff in the suit against the defendant in the sum of Rs.72,68,750/-as more particularly set out in the particulars of claim together with further interest on the principal sum of Rs.50 lacs at the rate of 16.5% p.a., from the date of filing of the suit till payment and/or realization and costs of the suit.

2. The suit has been filed on the basis of written contracts dated 26 June 2006 and 8 February 2007 between the plaintiff and the defendant.

3. According to the plaintiff, during the period between 31 May 2006 and 27 November 2006 plaintiff had given advance of Rs. 50 lacs to the defendants as set out in the plaint by various cheques which were issued in favour of the defendant and were credited to his account and debited to the account of the plaintiff. On 26 June 2006 collateral agreement came to be entered into between the plaintiff and the defendant. It was recorded that the defendant had borrowed or sought to borrow sum of Rs.50 lacs from the plaintiff by various cheques. It was recorded that the defendant had offered the property namely 303, Status Apartmen