RAMARAPOO NARASIMHARAO Vs. BHAKT AW ANNUL DHANRAJ
HIGH COURT OF ANDHRA PRADESH
BHAKT AW ANNUL DHANRAJ
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K.V.L.Nurasimham, J. -
(1.) 1. This is an appeal against the judgment of A. D. V. Reddy, J.
dated 18th March, 1959 in CCCANo. 71 of 65 by which he reversed
the judgment of the trial court, and decreed the plaintiff's suit for
recovery of their dues under a promissory note executed in their
(2.) The promissory note dated 17-7-61 Ex. A-1 on the fact of
which the suit was filed, was executed for Rs. 11,000/- borfowed by
defendants 1 and 2 in favour of the 1st plaintiff firm to be referred to
hereafter as the plaintiff firm. Defendants 1 to 4 are brothers, and
members of a joint Hindu family, and the borrowing was for carrying
on their family business of "contract works" etc Defendants 3 and
4 also executed an agreement in favour of the plaintiff firm as liable
under the promissory note.
(3.) The defendants raised various pleas, that the promissory note
was not supported by consideration, that the amount claimed was
incorrect, and further, that the plaintiff firm did not have a money
lender's licence under the Hyderabad Money Lenders Act (Act No.
V of 1349 Fasli (hereinafter referred to as the Act), and the suit has
to fail for that reason.;
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