APHC010132562009 IN THE HIGH COURT OF ANDHRA PRADESH AT AMARAVATI [3311]

(Special Original Jurisdiction)

Monday, the fourth day of May two thousand and twenty six Present The Honourable Ms. Justice B. S. Bhanumathi Appeal Suit No. 70 of 2009 Between:

Vudumula Siva Reddy ...Appellant and Manam Subhash Chandra Bose ...Respondent Counsel for the appellant:

1. Karri Murali Krishna Counsel for the respondent:

1. Sravan Kumar Mannava The Court made the following:

JUDGMENT

This appeal is filed under Section 96 C.P.C. against the decree and judgment, dated 18.08.2008, in O.S.No.789 of 2006 on the file of the Court of IV Additional Senior Civil Judge, Guntur. The appellant is the defendant and the respondent is the plaintiff in the suit.

2. The plaintiff filed the suit for recovery of an amount of Rs.4,76,656/- being the principal amount of Rs.2,50,000/- with interest thereon at the rate of 24% per annum from 05.12.2003 to 04.12.2004 and with subsequent interest at the same rate on Rs.3,10,000/- from 05.12.2004 to 04.12.2005 and further interest at the same rate on Rs.3,84,400/- from 05.12.2005 to 03.12.2006.

3. The case of the plaintiff is that the defendant borrowed the principal amount of Rs.2,5