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1997 Supreme(MP) 72

A.R.TIWARI
Smt. Saraswatidevi And Anr. – Appellant
Versus
Krishnaram Baldeo Bank Limited – Respondent


JUDGMENT

A.R. Tiwari, J.

1. The original defendants have filed this Second Appeal under Section 100 of the Code of Civil Procedure against the judgment and decree dated 11-9-75 passed by the District Judge, Ujjain in Civil Regular Appeal No. 5-B/74 thereby sustaining the judgment and decree dated 12-2-74 passed by Second Civil Judge Class I, Ujjain in COS No. 26-B/73.

2. Briefly stated, the facts of the case are that the appellant No. 1 (Defendant No. 1) mortgaged the agricultural lands area 10 Bighas and 19 Biswas with respondent No. 1 on 10-6-69 for a consideration of Rs. 5,000/-. The appellant No. 2 (defendant No. 2) had stood surety for repayment of the mortgaged amount. The mortgage was a simple mortgage and the possession continued with appellant No. 1. The interest was to be paid @ Rs. 9.50 per cent per annum. The period of mortgage was three years and the repayment was to be made in three instalments falling due on 10-6-70, 10-6-71 and 10-6-72. The first two instalments were agreed to be of Rs. 1700/- each & the third instalment was agreed to be of Rs. 1,600/-. It was also agreed that the interest shall be paid each month and in case of default in payment of interest for two m






















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