1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY O. O. C. J. SUIT NO.1096 OF 1999 Union Bank of India ..Plaintiff. Vs. M/s. Bearing Centre and another ..Defendants. .... Mr. Pravin Patel i/b M/s. Pradip Shukla & Co. for the Plaintiff. None for the Defendants. ..... CORAM: DR. D.Y. CHANDRACHUD, J. 10th January, 2008. P.C. : 1. This is a bank suit for the recovery of an amount of Rs.1,43,693.48 together with future interest. The Plaintiff had extended credit facilities to the First Defendant on 19th January, 1991 to the extent of Rs. 3 lacs which was extended and renewed from time to time, finally on 26th March, 1993. The First Defendant acknowledged the debt on 1st February, 1996. The suit has been instituted on 25th January, 1999 within a period of three years thereafter and is therefore within the period of limitation. The Plaintiff issued a demand notice on 18th September, 1998 to which there was no reply. 2 2. The Defendants have been served with the writ of summons and an affidavit of service has been filed. No written statement has been filed. The claim of the Plaintiff has been duly proved on the basis of the original documents and the affidavit in lieu of examination in chief of the Plaintiff's witness. The suit shall accordingly stand decreed in terms of prayer clauses (a), (b) and (d) with the modification that the Plaintiff will be entitled to interest at the rate of 12% per annum from the date of the institution of the suit until payment or realization.