The Order of the Court was as follows :

These revisions are filed by the Plaintiff in O.S. 4291 of 1998 on the file of XVI Assistant Judge, City Civil Court, Madras.

2. Petitioner, who is a Public Limited Company, availed financial assistance from the first respondent in the suit, for purchasing a FORD Car.

The price of the vehicle as per the invoice was Rs. 8,45,782/-. Petitioner availed a loan of Rs. 6,77,238.43 from the first respondent-Bank. Petitioner agreed to pay interest at 18.36% per annum. It also agreed to repay the entire amount in various instalments and it has to pay a sum of Rs. 15,187/- towards principal and Rs. 10,388/- towards interest, in all Rs. 25,575/- for one instalment. Plaintiff paid nine instalments on the basis of the agreement. It has to pay 27 more instalments and the instalment comes to an end in July 2000.

3. While so, the Company met with great financial difficulty and the money which had been earmarked for payment of instalments could not be paid in time. It is the case of the petitioner that there was various legal proceedings between the plaintiff-company and the Tamil Nadu Electricity Board with regard to the power supply and on account o