R. Mahadevan, J.

1. The judgment and decree, dated dated 28.3.2007 and made in A.S.No.1 of 2007 on the file of the Subordinate Court, Coimbatore, reversing the judgment and decree dated 26.10.2006 and made in O.S.No.1862 of 2004 on the file of the District Munsif Court, Coimbatore, are under challenge in this memorandum of second appeal.

2. The appellant is the defendant in the suit in O.S.No.1862 of 2004, whereas the respondent is the plaintiff.

3. For easy reference and for the sake of convenience, the appellant may hereinafter be referred to as the defendant and the respondent be referred to as the plaintiff wherever the context so require.

4. The necessary facts leading to the filing of this second appeal are as under:- a. On 22.12.2002 the defendant had borrowed a sum of Rs.50000/- from the plaintiff agreeing to repay the same together with interest at the rate of 24% per annum.

a. In spite of repeated demands, since the defendant had not chosen to repay either the principal or interest, the plaintiff has filed the for the following relief:-

b. Directing the defendant to pay a sum of Rs.54,000/- together with interest on Rs.50000/- at 24% per annum from the date of the suit