1. Special Civil Suit No.3 of 1967 was filed by the respondent - firm for recovery of an amount of Rupees 22,717.12 and costs with interest at 12 per cent, per annum from the date of suit till recovery. The defendant put in contentions disputing the claim of the plaintiff. After filing the suit, an application for attachment before judgment under O.38, R.5 of the Civil Procedure Code was made by the plaintiff. The property was attached but the attachment was removed as the defendant furnished security in the shape of a surety bond executed by the present appellant agreeing to hold himself liable for the decree to be passed to the extent of Rs.25,000/-.

2. Subsequently on November 14, 1968 a consent decree was made by the trial Court for Rs.22,717.12, costs of the suit and interest at 12 per cent, per