1. The plaintiff in the suit in O.S.Nos.37, 38 and 39 of 2006 on the file of the Principal District Court, Dindigul, is the appellant in these appeals.

2. The appellant filed the suit against the respondent in O.S.No.37 of 2006 for recovery of a sum of Rs.11,80,000/- with future interest at 18% p.a. The appellant also filed two other suits in O.S.No.38 of 2006 and O.S.No.39 of 2006 against two others who are also the partners of the respondent herein in relation to a business in textiles.

3. The case of the appellant in the suit in O.S.No.37 of 2006 is as follows:

3.1. The plaintiff, the defendant, Thiru.Ponnusamy and two other persons by name Thiru.K.Ganesan and Thiru.S.Palanisamy are good friends. The defendant Thiru.S.Palanisamy and K.Ganesan started a mill under the name and style of Kurinji Spinning Mills Private Limited at Idaiyankinar, Erode and for the said business they requested the plaintiff to lend a sum of Rs.30,00,000/- agreeing to repay the same with interest at the rate of 18% p.a. within a period of six months. The said amount of Rs.30,00,000/- was paid to the defendants, Thiru.K.Ganesan and Thiru.S.Palanisamy each Rs.10,00,000/- by way of two cheques of Rs.