N.SATHISH KUMAR
Eastern Trading Company – Appellant
Versus
C. V. Sivasubramanian – Respondent
Aggrieved over the decree and judgment of the learned trial Court decreeing the suit for Rs.3.00 lakhs with interest at 24% per annum the present appeal came to be filed by the defendant.
Similarly, the plaintiff has filed Cross-Objection No.106 of 2013 challenging the decree and judgment of the learned trial Court disallowing the suit claim of Rs.2,80,000/- being the value of the money lent to the appellants/defendants in respect of transaction covered by post dated cheques under Ex.A17 to A39.
For the sake of convenience, the parties are arrayed as per their own ranking before the trial Court.
2. Brief facts of plaintiff's case is as follows:-
The first Defendant is the partnership firm, Defendants 2 and 3 are partners of the first Defendant firm, carrying on electrical goods business and garment exports. The defendants 2 and 3 are the blood brothers and are also cousin brothers of the plaintiff and they were in good terms. On 03.04.2000 the second and third defendants requested the plaintiff for financial help for carrying out business in the firm of the first defendant. The plaintiff taking into consideration of the relationship and due respect to the paternal uncle i.e.
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