IN THE HIGH COURT OF JUDICATURE AT BOMBAY O. O. C. J. SUMMARY SUIT NO.2968 OF 2007 Jal Hormasji Hansotia ..Plaintiff. Vs. M/s. Supreme Sukhdam & Associates and others ..Defendants. .... Mr. Rajesh Rathod i/b M/s. Bilawala & Co. for the Plaintiff. None for the Defendants. .... CORAM: DR. D.Y. CHANDRACHUD, J. 29th February, 2008. P.C. : The Plaintiff agreed to lend and advance an amount of Rs.5 lacs to the First Defendant in consideration for which the First Defendant executed a Bill of Exchange in the amount of Rs.5 lacs on 1st April, 2006 for value received. The Bill of Exchange was accepted by the Fourth Defendant. In consideration of the Plaintiff having advanced a further sum of Rs.5 lacs, the First Defendant executed another Bill of Exchange in the amount of Rs.5 lacs on 1st April, 2006 for value received which was accepted by the Fourth Defendant. The First Defendant is alleged to have paid interest upon the principal sum of Rs.10 lacs until 31st March, 2006. In June 2006 the First Defendant is alleged to have sought three months time against the payment of interest at the rate of 18% per annum. An endorsement was made by the First Defendant on two Bills of Exchange on 1st October, 2006 which was accepted by the Fourth Defendant. On 10th October, 2006 upon presentation the Bills of Exchange were alleged to have been dishonoured by Defendants 1 and 4. A letter of demand was addressed on 12th December, 2006 followed by advocate's notices dated 14th March, 2007 and 26th April, 2007. The suit has been instituted for the recovery of the amounts due and payable under the two Bills of Exchange. The Defendants have failed to enter appearance despite service of the writ of summons. The Plaintiff has placed on the record a compilation of the documents on the basis of which the claim in the suit has been proved. Since the Defendants have failed to enter appearance, the Plaintiff would be entitled to a decree under Order 37 Rule 2(3) of the Code of Civil Procedure. The suit shall accordingly stand decreed in the amount of Rs.10 lacs upon which the Plaintiff would be entitled to interest at the rate of 9% per annum from the respective due dates until the date of the suit and at the same rate from the date of the suit until payment or realization. The Plaintiff will be entitled to costs of the suit.