The plaintiff filed this suit against the Defendants
for recovery of Rs 73,88,880/- being the outstanding
amount, repayable with interest at 12 % p.a. from the
date of the suit till the date of recovery.
2. The brief facts of the plaintiff’s case is as under;
The plaintiff in the interest of the Company and in
his personal capacity not as a Director of the Defendant
No.1/company lend loan to it. The defendant No.1
company became liable to pay an amount of Rs
48,25,000/- as on 01.04.2012 being the amount liable to
pay to the plaintiff on the admitted statement of account
of the company with interest at 12% p.a. The defendants
neither paid the interest, nor the outstanding amount of
loan that was paid. The amount liable to be paid by the
Defendants is Rs 73,88,880/- together with 12 %
interest. Plaintiff got issued a notice on 14.12.2015.
Defendants neither replied nor came forward to discharge
the liability. Hence, plaintiff has filed this suit.