THE HONOURABLE DR.JUSTICE G.RADHA RANI CITY CIVIL COURT APPEAL No.37 of 2021

JUDGMENT:

This appeal is preferred by the appellant/plaintiff, aggrieved by the judgment and decree in O.S.No.207 of 2012 dated 23.11.2020 by the I-Additional Chief Judge, City Civil Court, Secunderabad, in dismissing the suit filed by him for recovery of money based on promissory note.

2. The parties are hereinafter referred as arrayed before the trial court.

3. The plaintiff filed the suit for recovery of an amount of Rs.10,85,000/-. The case of the plaintiff was that the plaintiff and the defendant were acquainted with each other for a long time and out of their acquaintance, the defendant approached the plaintiff during December, 2009 and requested to advance a sum of Rs.6,00,000/- to meet his urgent business needs and promised that he would repay the said amount within one year. Accordingly, the plaintiff considered his request and advanced the said sum of Rs.6,00,000/- to the defendant on 07.12.2009 at his residence at Secunderabad. While receiving the said sum, the defendant executed a demand promissory note agreeing to repay the same with interest @ Rs.2.30 ps. per month. The said transaction was witn