ORAL JUDGMENT

This regular first appeal is filed under Order XLI Rule 1 read with Section 96 of the Code of Civil Procedure, 1908, by the plaintiff challenging the judgment and decree dated 13.09.2010 passed in O.S.No.4151/2008 by the 20th Addl. City Civil and Sessions Judge, Bengaluru city wherein the suit of the plaintiff for recovery of a sum of Rs.2,41,332/- with interest at the rate of 18% p.a. came to be dismissed.

2. The parties are referred to as per their ranking before the Trial Court.

3. The appellant / plaintiff has filed a suit in O.S.No.4151/2008 seeking prayer for a decree for a sum of Rs.2,41,332/- along with interest at the rate of 18% p.a. and cost of the suit. It was averred that the plaintiff is the proprietor and dealer of all electrical, domestic and industrial needs, carrying on his business at No.21, Venkateshwara Complex, BVK Iyengar Road Cross, A.M.Lane, Bengaluru and the defendant is the one of the regular customers who used to place purchase orders for electrical items on credit basis. It was further averred that the defendant had purchased electrical items from 25.11.2003 to 26.04.2008 worth Rs.1,91,326/- out of which, the defendant had paid Rs.13,876/- k