1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY O.O.C.J. SUMMONS FOR JUDGMENT NO. 879 OF 1999 IN SUM. SUIT NO. 952 OF 1999 The United Western Bank Ltd., . .. Plaintiffs. vs. Elar Fashions Ltd., & Ors. .. Defendants. Mr. M.R. Patel for plaintiffs. Mr. M.G. Gawde for defendants. CORAM : S.U. KAMDAR, J. DATE : 19th SEPTEMBER, 2005. P.C.: . In the present case the claim is based on a bill of exchange for USD 8,608 equivalent to Rs. 3,02,399.00 at the exchange rate at the relevant time with interest thereon. The amount is arising out of bill discounting facility. The defendants are served. The summons for judgment is taken. There is no reply. The learned counsel for the defendant states that the company has come out of 2 BIFR but he has no instructions in the matter. In that view of the matter the summons for judgment is made absolute. Suit is decreed as prayed with interest at the rate of 18% per annum.