S.K.MUKHERJEE, S.K.DATTA
ESSAVI INDIA MATCH MFG. CO. – Appellant
Versus
ESSABHAI – Respondent
( 1 ) THIS is an appeal from an order made under Ch. XIIIA of the Original Side Rules by which Chose, J. directed the appellant to furnish security on or before April 30, 1970 for the sum of Rs. 1,00,000/- only to the satisfaction of the Registrar and in default passed a decree in terms of prayers (a) and (b) of the summons with the qualification that the interim interest and interest on judgment were to be on the principal sum of Rs. 3,50,000/- at 6 per cent per annum.
( 2 ) THE facts of the case may briefly be stated. The respondent Mariam Shaik Essabhoy lent and advanced on diverse dates between November 24, 1967 and December 1, 1967, a total sum of Rs. 3,50,000/- to the defendant No. 1, a partnership firm and the defendant No. 1 agreed to repay the said sum on demand with interest at the rate of 9 per cent per annum. The fact of these loans is not in dispute nor is it in dispute that a number of promissory notes by which the said respondent agreed to repay the loans with interest at 9% per annum were executed. The promissory notes, it may be noted were signed by the manager on behalf of the partnership firm. All these loans were made by cheques.
( 3 ) THE
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