R.BANUMATHI,J.

1. Challenge in this appeal is the judgment and decree in O.S.No.4134 of 2000 whereby the VI Additional Judge, City Civil Court, Chennai has decreed the suit holding that Defendants 1 to 3 are jointly and severally liable to pay a sum of Rs.6,72,500/- together with subsequent interest at the contracted rate of 36% per annum from the date of suit till the date of realisation. Unsuccessful Defendants are the Appellants.

2. Case of Plaintiff is as follows:-

1st Defendant is the Proprietrix of the Company M/s.S.B.A. Traders dealing with the trading of shares. At the invitation of Defendants, Plaintiff invested a sum of Rs.5,00,000/- in 3rd Defendants Company for which Ex.A1-agreement [30.06.1996] was entered into. As per Ex.A1-agreement, Defendants agreed to repay the said amount by investing the same for a period of 90 days, subject to a maximum period of 120 days which shall carry an interest of 36% per annum. In order to discharge the said liability of the Defendants, 1st Defendant issued Ex.A2-cheque [30.05.1997] for Rs.6,60,000/-. When Ex.A2-cheque was presented into the State Bank of India, Salem Branch on 02.06.1997, the said cheque was dishonoured f