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1999 Supreme(Mad) 1431

R.JAYASIMHA BABU, A.SUBBULAKSHMY
Sirish Kumar Bros, by its partner sirish Kumar Baffna, carrying on business at No. 20, strotten Muthiah Mudali st. , Madras – Appellant
Versus
The Official Assignee, High Court, Madras – Respondent


Advocates:
Mr.A.Venkatesan, Advocate for Appellant. Official Assignee for Respondent.

Judgment :

A. Subbulakshmy, J.

1. The appellant filed a Claim No. 203 of 1994 in I.P. No. 14 of 1993 alleging that the insolvent P.Savithri & P.Neeraja, partners of M/s.Shree Krishna Prasad & Co. and M/s.Padma Priya Trading Co. on the date of order of adjudication viz. 22. 93 were indebted for a sum of Rs. 3,62,309.80 further Rs. 2,00,000 was towards principal, Rs. 1,32,509.80 towards interest and Rs. 29,800 towards commission as shown by the amount on 13 promissory notes as mentioned herein:-

Principal Interest Commission

1. Promissory Note dated 16. 90 20,000 13,252 2,980

2. Promissory Note dated 16. 90 11,000 7,288 1,639

3. Promissory Note dated 16. 90 20,000 13,251 2,980

4. Promissory Note dated 16. 90 11,000 7,288 1,639

5. Promissory Note dated 16. 90 15,000 9.938.25 2,235

6. Promissory Note dated 16. 90 20,000 13,251 2,980

7. Promissory Note dated 16. 90 25,000 16,563.70 3,725

8. Promissory Note dated 16. 90 10,000 6,625.50 1,490

9. Promissory Note dated 14. 91 20,000 13,251 2,980

10. Promissory Note dated 10. 91 15,000 9,938.25 2,235

11. Promissory Note dated 10. 91 11,000 7,288 1,639

12. Promissory Note dated 10. 91 12,000 7,950.60 1,788

113. Promissor















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