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IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION

SUIT NO.761 OF 1987

SUIT NO.761 OF 1987

SUIT NO.761 OF 1987

Hari Om Paper Mills Pvt. Ltd. ... Plaintiffs

V/s.

M/s.Devkaran Nanjee Shah ... Defendants

Mr.Arupdas Gupta i/b R.N. Narula for Plaintiffs

None for Defendants

CORAM: SMT.NISHITA MHATRE,

SMT.NISHITA MHATRE,

SMT.NISHITA MHATRE, J.

J.

J.

DATED: MARCH 28, 2006

MARCH 28, 2006

MARCH 28, 2006

P.C.:

P.C.:

P.C.:

. The present suit has been filed for recovery of

a sum of Rs.50,000/- with interest @ 18% p.a. According

to the plaintiffs, the defendants offered the plaintiffs

a term loan facility by their letter dated 5.1.1984. On

11.2.1984, the defendants informed the plaintiffs that

they were willing to advance the finances towards

mortgage of the factory property of the plaintiffs. The