N.SATHISH KUMAR
Ashok Kumar – Appellant
Versus
Latha – Respondent
Aggrieved over the dismissal of the suit filed for recovery of a sum of Rs.10,82,250/- with subsequent interest at 12% per annum on a pronote dated 1.7.2009, the present appeal came to be filed by the plaintiff.
For the sake of convenience, the parties are arrayed as per their own ranking before the trial Court.
2. Brief facts of the plaintiff's case is as follows:-
The defendant has borrowed a sum of Rs.9,75,000/- on 1.7.2009 from the plaintiff, to meet her business and family requirements, and executed a promissory note in favour of the plaintiff, agreeing to repay the same on demand with interest at 12% per annum. Thereafter, the defendant had been avoiding the plaintiff and she had never paid any interest so far and when the plaintiff approached the defendant during the second week of May 2010 and demanded the principal sum back together with accrued interest up to date, she was quoting lame excuses. Hence, the plaintiff has issued a legal notice on 17.5.2010. However, the defendant has not chosen to repay the amount but she had sent a false reply. Hence the suit.
3. The defendant in the written statement denying the borrowal of Rs.9,75,000/- and execution of pronote. It
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