1 pps IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION Summary Suit No.181 of 2006 India Medtronic Pvt. Ltd. .. Plaintiffs v/s. Ekvira Surgical Company & Another ..Defendants Mr. Khyam Shaikh i/b.Ashok Pratap & Co. for the Plaintiffs. None for the Defendants CORAM : R.Y.GANOO, J. DATED : 6th April, 2010 P.C. : 1. Suit is taken up for ex-parte decree. Original documents are filed. The suit is filed for recovery of monies covered by five cheques which got eventually dishonoured. The defendants had issued cheques of different dates in favour of the plaintiffs and all the five cheques are dishonoured by dishonour memo dated 26.2.2003. The defendants have failed to comply with the notice of demand and that is how plaintiffs are entitled to recover money, in view of the dishonour of the cheques. The plaintiffs are entitled to recover Rs.27,37,729/- by way of principal amount. In view of 2 provisions of Section 80 of the Negotiable Instruments Act, the plaintiffs are entitled to recover interest at the rate of 18% per annum from the date of dishonour of the cheques i.e. 26.2.2003 till realization. The plaintiffs are entitled to costs of the suit. Hence I pass the following order. ORDER i. Defendants jointly or severally do pay to plaintiffs Rs.27,37,729/- by way of principal amount. ii. Defendants jointly or severally do pay to plaintiffs interest at the rate of 18% per annum on Rs.27,37,729/- from 26.2.2003 till realization. iii. Defendants jointly or severally do pay to plaintiffs costs of the suit. iv. Refund of Court fees granted as per rules. [R.Y.GANOO, J.]