JUDGMENT

(Prayer: Appeal Suit filed under Section 96 of Civil Procedure Code, against the judgment and decree of the learned Principal District Judge, Karur, dated 10.08.2016 passed in O.S.No.47 of 2011.)

1. This Appeal Suit has been preferred challenging the judgment and decree of the learned Principal District Judge, Karur, dated 10.08.2017 made in O.S.No.47 of 2011.

2. The Appellant is the defendant; the plaintiff has filed the suit for recovery of money on the basis of promissory note dated 05.11.2009; the defendant had borrowed a sum of Rs.12,00,000/- from the plaintiff for his personal needs and family expenditure and in consideration thereof, he had executed a promissory note; he agreed to repay the above said amount with interest at the rate of Rs.1.50 per Rs.100 per month either to the plaintiff or to his order on demand; despite repeated request, the defendant did not pay the loan amount; the plaintiff issued legal notice dated 15.11.2011, calling upon the defendant to pay the loan amount; since the defendant refused to pay the loan amount after receiving legal notice from the plaintiff, he filed the suit for recovery of money due to him.

3. The defendant filed a written stat