MGN IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION SUMMONS FOR JUDGMENT NO.238 OF 2007 IN SUMMARY SUIT NO.3317 OF 2006 The Cosmos Co-operative Bank Ltd...Plaintiff Versus The Madhya Pradesh State Industrial Development Corporation............Defendants Ms.Soumya Srikrishna i/b. Little & Co., for the Plaintiff None for the Defendant. CORAM: S.J.VAZIFDAR, J. CORAM: S.J.VAZIFDAR, J. CORAM: S.J.VAZIFDAR, J. DATED: 12TH AUGUST, 2008 DATED: 12TH AUGUST, 2008 DATED: 12TH AUGUST, 2008 P.C.: P.C.: P.C.: . The suit is filed to recover the amounts under 170 bonds issued by the Defendant and purchased by the Plaintiff. Each bond was of a sum of Rs.1.00 lakh. The Plaintiff had subscribed to 200 bonds of an aggregate value of Rs.2.00 crores. However, the Plaintiffs sold 30 bonds prior to the suit. The claim in the suit, therefore, is restricted to 170 bonds. 2. The Plaintiff had earlier filed Summary Suit No.3367 of 2004 and taken out Summons for Judgment No.239 of 2007 therein. That suit was to recover the interest component which had accrued on the said bonds upto that date. By an order dated 8th October, 2007 leave to defend was rejected, the Summons for judgment was made absolute and suit was decree as prayed. 3. In the present case also there is no denial of liability. There is no affidavit in reply. In fact the liability has been admitted and acknowledged. By a letter dated 2nd December, 2003 the Defendants admitted the issuance of the said bonds, but regretted its inability to repay the amounts due to certain difficulties. 4. In the circumstances there is no defence to the suit. Leave to defend is rejected. The Summons for Judgment is made absolute and the suit is decreed as prayed. Refund as per Rules. ......