1. Unsuccessful plaintiff against the dismissal of its suit being dissatisfied with the judgment and decree dated 30.6.1992 passed by the X Aditional District Judge, Jabalpur, in Civil Suit No. 64B of 1990 (8B of 1987) has preferred this appeal for decreeing its suit by setting aside the impugned decree and judgment.

2. Facts giving rise to this appeal are that the appellant -plaintiff being a nationalized bank having a branch at Civil Lines, Jabalpur, respondent No.1 Government contractor had a current account in the aforesaid branch of the appellant. He requested appellant to provide overdraft facility. The same was considered and sanctioned upto the limit of Rs. 10,000/- on prevailing terms and conditions in respect of such facility. In continuance of this transaction the respondent had executed a demand promissory note for the sum of Rs. 10,000/- with a promise to pay on demand along-with interest @ 17.5% p.a. at quarterly rests. In this regard an agreement in respect of continuous security was also executed in support of the aforesaid promissory note by mentioning that the said documents would remain as continuous security and same be enforced in relating to the money whic