1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION SUMMARY SUIT NO.854 OF 1999 Pulsar International Ltd. ..Plaintiffs. Vs. Kishore J. Janani ..Defendant. Mr.K.N.Kandelkar i/b.M/s.Mayur Narendra & Co. for the Plaintiff. None for the Defendant. CORAM : S.J. VAZIFDAR, J. DATED : 23RD JULY, 2009 P.C. :- The suit is filed to recover a sum of Rs.20,00,000/- together with interest at 24% per annum from the date of the filing of the suit till payment and/or realization. 2. The Plaintiff carries on business of marketing and trading in dyes intermediates etc. The Defendant was a member/broker of the Bombay Stock Exchange. 3. On 9.11.1994 the Plaintiff advanced Rs.20,00,000/- to the Defendant for fixed badla transaction by two cheques both dated 9.11.1994 in the sum of Rs.10,00,000/- each at the rate of 2.5% per month and payable at intervals of fifteen days. 4. The Plaintiff admits having received various cheques 2 towards interest aggregating to Rs.4,16,838.50. After giving credit for the same, a sum of Rs.36,71,984.08 was due and payable by the Defendant to the Plaintiff as on 15.12.1998. The Plaintiff has however relinquished its claim to interest and has restricted its claim only to the principal amount of Rs.20,00,000/-. The Defendant not having repaid the balance amount, the Plaintiff was constrained to file the present suit. 5. The Plaintiff examined himself. There is no written statement filed. There is nothing on record which militates against the Plaintiff’s claim. The documents clearly establish the Plaintiff’s claim. In fact, by a letter dated 7.4.1997 the Defendant has admitted the claim. There is no defence to the suit. 6. In the circumstances, the suit is decreed as prayed.