THE HONOURABLE DR.JUSTICE G.RADHA RANI C.C.C.A.No.124 of 2019

JUDGMENT:

This appeal is filed by the appellant - defendant aggrieved by the judgment and decree passed in O.S.No.142 of 2012 dated 19.11.2018 by the XXVII Additional Chief Judge, City Civil Court, Secunderabad.

2. The respondent is the plaintiff.

3. The parties are hereinafter referred as plaintiff and defendant before the trial court.

4. The plaintiff filed the suit for recovery of an amount of Rs.34,00,000/- submitting that the plaintiff company represented by its Director, Sri Ajay Kumar Kedia and defendant had acquaintance. They were known to each other for a long time and out of the said acquaintance with each other, the defendant approached the plaintiff’s Director and requested to advance a sum of Rs.20.00 lakhs to meet his compelling business requirements and promised that he would repay the said sum within a short period. Accordingly, the plaintiff considered his request and advanced the said sum of Rs.20.00 lakhs to the defendant on 20.08.2009. The said amount was paid by the plaintiff through cash. While receiving the said sum, the defendant executed a demand promissory note agreeing to repay the said sum with int