IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH Reserved on :- 22.04.2026 Date of Pronouncement:- 24.04.2026 Uploaded on:-27.04.2026 Bharat Raj Sharma … Appellant Versus Jaswant Rai ... Respondent ****

CORAM: HON'BLE MR. JUSTICE VIRINDER AGGARWAL Argued by :-

Mr. Aakash Singla, Advocate for the appellant.

Respondent proceeded ex-parte vide order dated 05.11.2001.

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VIRINDER AGGARWAL , J .

1. The present Regular Second Appeal (hereinafter referred to as the “RSA”) has been preferred by the appellant-defendant assailing the judgment and decree dated 04.05.2001 passed by the learned First Appellate Court, whereby the appeal instituted by the respondent-plaintiff against the judgment and decree dated 14.12.1998 of the learned Trial Court, dismissing the suit, came to be allowed.

2. Chronology of events of the matter is that the respondent-

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plaintiff instituted a suit for recovery of 2,06,400/- on the basis of a pronote and receipt dated 17.09.1994. It was pleaded that the appellant-

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defendant had borrowed a sum of 1,20,000/- on the said date at an agreed rate of interest of 2% per month and executed the pronote and receipt in favour of the plaintiff, undertaking to repay the amount