PRABHA SRIDEVAN, J.

The party in person is aggrieved by the order imposing a condition of payment of Rs. 2, 00, 000 for grant of leave to defend has filed the present civil revision petition. The respondent though served on July 4, 2001, has not entered appearance. Today, the party in person appeared and argued the matter.

The grievance of the petitioner is that the court below without considering the two documents, which clearly shows that his loan account has been settled, had still refused to grant unconditional leave to defend. The respondent has filed O. S. No. 5323 of 1999under Order 37 of the Civil Procedure Code for recovery of a sum of Rs. 4, 95, 915.74 with interest. According to the respondents, a sum of Rs. 6 lakhs was granted by way of professional credit on January 6, 1997. Subsequently, since the schedule of repayment could not be adhered to, there was rescheduling of the loan on the request of the petitioner by his letter dated February 25, 1999. Subsequently, the earlier loan was closed and fresh loan agreement was entered into on February 25, 1999, where under the petitioner was bound to repay the loan in 48 equal monthly instalments of Rs. 13, 919. Sinc