JUDGMENT :-

(Prayer: The Second Appeal is filed under Section 100 of C.P.C. against the judgment and decree dated 31.01.2011 in A.S.No.50 of 2010 on the file of the Additional District Court, (Fast Track Court No.2), Cuddalore, reversing the judgment and decree dated 29.01.2010 in O.S.No.68 of 2009 on the file of the I Additional Sub Court, Cuddalore.)

1. This second appeal is focused as against the judgment and decree dated 31.01.2011 passed in A.S.No.50 of 2010 by the learned Additional District Judge, (Fast Track Court No.2), Cuddalore, reversing the judgment and decree dated 29.01.2010 passed in O.S.No.68 of 2009 by the learned I Additional Subordinate Judge, Cuddalore.

2. For the sake of convenience, hereinafter the parties are called as per their respective litigative status before the trial Court.

3. Bereft and niggard of details, the facts which are absolutely necessary and germane for the disposal of this second appeal would run thus:

3.1. On 28.08.2006, the defendant borrowed a sum of Rs.1,40,000/- from the plaintiff for his family expenses and executed a promissory note, agreeing to repay the said amount on demand, with interest at the rate of 12% per annum. Inspite of repea