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DELHI HIGH COURT
YOGESH KHANNA
Narang Shoes Pvt. Ltd. – Appellant
Versus
M.P. Sharma – Respondent
| Table of Content |
|---|
| 1. details of loan agreement and repayment. (Para 1 , 2) |
| 2. contentions regarding the nature of loan and respondent's status. (Para 3 , 5) |
| 3. evidence of friendly loan arrangement. (Para 4 , 10) |
| 4. rejection of appellants' arguments and claims made. (Para 6 , 7 , 8) |
| 5. dismissal of appeal and upholding of trial court judgement. (Para 9 , 12) |
JUDGMENT
Yogesh Khanna, J. This Regular First Appeal is preferred by the appellants against the judgment and decree dated 08.10.2015 passed by the learned Additional District Judge-01, Central District, Tis Hazari Courts, Delhi/(hereinafter as the learned `Trial Court') in Civil Suit No.35/2015 whereby the suit filed by respondents under Order XXXVII CPC was decreed for a sum of Rs.18.00 lacs with interest @ 12% per annum while rejecting the leave to defend application of appellants.
2. The brief facts which led to filing of this appeal are the respondent No.1 was having a friendly relation with appellant No.2 for the last many years and in fact on 05.08.2011 both the appellants No.2 & 3 have taken a friendly loan of Rs.5.00 lacs from respondent No.1, which was returned by them. However, on 01.11.2011, the appellants No.2 & 3 allege
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