JUDGMENT :- This is an appeal by the third defendant S. Perumal Reddiar against the judgment and decree dated 14th February, 1975, in O.S. No.99 of 1973 on the file of the Court of the learned Subordinate Judge, Kancheepuram, decreeing the suit with costs as prayed for. The trial court held that the, 2nd defendant will be proceeded against after the remedies are exhausted against the first defendant,

2. The suit is on a promissory note.

3. The case of the plaintiff, Bank of Baroda by its power of attorney agent Kaliprasad Thakur, before the trial court is that the plaintiff is a banking institution constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act. 1969, with its branch, among other places at Mangadu and that the suit is instituted by the power of attorney agent Kali Prasad Thakur, the Regional Manager. Southern Region, Mount Road, Madras-2. The 1st defendant K.L. Sundaram Reddiar, the 2nd defendant A. Sundaram Reddiar and the 3rd defendant S. Perumal Reddiar are residing at Kaliampatti village, Uthiramerur Taluk, Chingleput District. The plaintiff, Bank of Baroda at the Mangadu branch afforded to the 1st defendant on 15th March, 1973 cro