1. The plaintiff has filed a suit for recovery of Rs.1,09,95,994/-(Rupees one crore, nine lakh ninety five thousand nine hundred and ninety four only) with interest @ 12% p.a. from the date of filing of the suit till realistion.

2. The plaintiff is a trader, trading in the name and style of "Sri Venkateshwara Enterprises". The defendant No.1 approached the plaintiff in the month of August, 2011, claiming that he has been given contract by the Bank of America i.e. B.A. Continum Private Limited for the electrical works to be executed at 7th floor, Acendas I.T. Park, Phase III, Taramani.3. M/s.B.A.Continum Private Limited is the subsidiary of Bank of America. The plaintiff started supplying electrical wires and accessories as per various purchase orders specifically placed on the plaintiff by the defendant No.1 from 18.8.2011 till 10.12.2011 worth Rs.1,28,15,732/- (Rupees one crore twenty eight lakhs fifteen thousand seven hundred and thirty two only) out of which the defendant No.1 paid a sum of Rs.26,00,000/-(Rupees twenty six lakhs only) thus, leaving balance of Rs.1,02,15,732/-(Rupees one crores two lakhs fifteen thousand seven hundred and thirty two only). The defend