R. Subbiah, J.

The present appeal has been filed by the first defendant, as against the Judgment and Decree dated 19.12.2011 passed in O.S. No. 11112 of 2010 on the file of Additional District and Sessions Judge (Fast Track Court-V), Chennai by which the court below decreed the suit filed by the plaintiffs/respondents 1 and 2 herein inter alia directing the first defendant/appellant herein and also the second defendant/third respondent herein to pay jointly and severally to the second plaintiff the sum of Rs.13,39,213/- along with 18% simple interest from the date of plaint till the date of payment.

2. The appellant in this appeal is the first defendant in the suit. The respondents 1 and 2 herein are the plaintiffs, who have instituted the suit. The third respondent in this appeal is the second defendant in the suit. For easy reference, the parties are referred to in this appeal as per their ranking in the suit as 'plaintiffs' and 'defendants'.

3. The first plaintiff is a Public Limited Company incorporated under the Indian Companies Act. During the course of their business, the first plaintiff imported a cargo which consists of Computer Parts, Memory Modules - Samsung Mater