P.R. Shivakumar, J.

1. The unsuccessful plaintiff in O.S. No. 261/2001 on the file of the Court of Additional District Judge (FTC No. 1), Coimbatore is the appellant in the first appeal. The appellant filed the said suit against the respondent/defendant for recovery of a sum of Rs. 6,81,009.74 with litigation cost based on the following averments. On the order of the respondent/defendant company, the appellant/plaintiff company supplied castings to the tune of Rs. 13,79,735.44. The cost of said castings supplied as per the trade custom, would carry an interest at the rate of 21.75% in case the cost of the goods supplied was not paid within the credit time. In accordance with the accounts maintained by the appellant/plaintiff, a sum of Rs. 14,95,899.24 (consisting of Rs. 13,79,735.44 towards principal and Rs. 1,16,163.80 towards interest) was due from the respondent/defendant as on 30.06.1996. When demanded, the respondent/defendant informed the appellant/plaintiff through fax that they would pay the amount within three months. A reply was sent through fax informing the respondent/defendant that their request could not be accepted, as a huge sum was due from the respondent/de