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IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 26.07.2019

CORAM:

THE HONOURABLE MR.JUSTICE R.SUBRAMANIAN

C.S.No. 104 of 2014

and

O.A.No. 199 of 2014

M.S.Moorthy

..Plaintiff

Vs.

K.Saravanan

...Defendant

Prayer: Plaint filed under Order IV Rule 1 of the Original Side Rules, 1956, r/w

Order VII Rule 1 of C.P.C. praying to direct the defendant to pay the sum of

Rs.3,91,90,000/- along with interest at 18% per annum on Rs.3,40,00,000/-

from the date of plaint to the date of realization and for costs of the suit.

For Plaintiff

: Mr.B.Balachander

For Defendant

: Defendant set exparte on 12.07.2019

O R D E R

This suit is one for recovery of a sum of Rs.3,91,90,000/- with interest at

18% per annum at Rs.3,40,000/- on date of claim till date of realization.

2. According to the plaintiff, the defendants had borrowed a sum of

Rs.1,60,00,000/- on 20.07.2012. As a security for the due repayment of the said

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sum, the defendant had executed a promisory note acknowledging the liability

and agreeing to repay the same with interest at 18%. Again, during September

2012, the defendant sought for further financial assistance from the plaintiff and

the plai