HIGH COURT OF MADRAS
Hon`ble Mr Justice SATHI KUMAR SUKUMARA KURUP
D.VENKATESH – Appellant
Versus
V.C.G.SIVA PRAKASAM – Respondent
O R D E R
This Civil Revision Petition is filed against the fair and decretal order dated 18.01.2021 passed in I.A. No. 02 of 2020 in C.O.S. No. 61 of 2020 on the file of the learned Principal District Judge, Salem.
2.The Defendants in C.O.S. No. 61 of 2020 on the file of the learned Principal District Judge, Salem are the Revision Petitioners. The Plaintiffs, who have instituted the said suit are the Respondents herein.
3.The Plaintiffs have instituted the suit for recovery of a sum of Rs.51,61,874/- with subsequent interest at 12% per annum on Rs.49,000/- from the date of suit till realisation. As per the plaint averments, the Defendants have been closely acquainted with the plaintiff and taking note of such proximity of relationship, when the Defendants sought for financial help, the Plaintiffs borrowed money on interest from Tata Capital Housing Finance Limited and IDBI Bank Limited and paid it to the Defendants 1 to 3 by way of four cheques to the tune of Rs. 49 lakhs. It was stated that the Defendants have agreed to clear the entire loan amount in 12 months. However, as per their assurance, they did not repay the borrowed amount. The Plaintiffs also came to know that the Defenda
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