Monday, 25 May 2015

PROMISSORY NOTE CLAIM JUDGEMENT








IN THE COURT OF JUDGE


Si Versus  Sm

Civil suit No.
Date of institution
Date of decision





JUDGMENT
                Through the instant suit under order 37 CPC for the recovery of Rs. 40,000/- plaintiff maintains that on 00.00.0000, the defendant who was his friend of plaintiff got loan of Rs. 40,000/- from the plaintiff and issued a promissory note to plaintiff. That plaintiff gave the amount before the witnesses and the same witnesses signed the promissory note as marginal witnesses whereas, the defendant also affixed his signatures and thumb impressions on the promissory note. That the defendant  undertook to return  the amount after one month, but after  the stipulated time, the defendant prevaricated the matter and ultimately  refused to return the amount a week before filing of the suit.
2.                On conceding statement  of learned counsel for the plaintiff,  leave to appear and defend the suit was given to defend.  Defendant filed written statement. Out of the divergent pleadings of the parties, following issues were  framed:-
Issues
1.                                   Whether the plaintiff  is entitled to decree for receipt of Rs. 40000/- under Order XXXVII of CPC on the basis of  promissory note  in dispute, executed by the defendant in his favour? OPP
2.                                         Whether the suit is not maintainable in its present form? OPD
3.                                         Whether legally the suit is not maintainable? OPD
4.                                         Whether the requisite  revenue tickets have not been affixed on the disputed promissory note & receipt , hence,  the suit is liable to be dismissed? OPD
5.                                         Whether the defendant  has not received the disputed amount from the plaintiff and neither executed the disputed promissory note nor signed the same rather plaintiff committed fraud with him, hence, the suit is liable to be dismissed? OPD
6.                                         Whether the suit is false and based on concocted story? OPD
7.                                         Whether there was never any transaction between the  parties? OPD
8.                                         Whether the suit of the plaintiff is liable to be dismissed because the plaintiff filed the suit against Sm whereas name of the defendant is Si? OPD
9.                                         Whether  the plaintiff has filed the suit just to harass and tease the defendant so he is entitled to special cost under section 35-A of Cr.P.C.? OPD
10.                                     Relief.


PROMISSORY NOTE

A written, signed, unconditional promise to pay a certain amount of money on demand at a specified time. A written promise to pay money that is often used as a means to borrow funds or take out a loan.
The individual who promises to pay is the maker, and the person to whom payment is promised is called the payee or holder. If signed by the maker, a promissory note is a negotiable instrument. It contains an unconditional promise to pay a certain sum to the order of a specifically named person or to bearer—that is, to any individual presenting the note. A promissory note can be either payable on demand or at a specific time.

3.                On 00.00.2010, the plaintiff and marginal witnesses of promissory note namely Mm and Sn were recorded as Pw1 and Pw2 respectively but learned counsel for the defendant  sought an adjournment  for cross-examination. The defendant  failed to cross-examine the Pws for on considerably long  period.  Ultimately, when no body appear on behalf of the defendant despite repeated calls exparte proceedings were initiated against him.
4.                The learned counsel for the plaintiff vide his statement closed the exparte evidence.
5.                I have heard the exparte arguments advanced by Advocate appearing on behalf of the plaintiff and perused the record.
6.                My findings on settled issues are as under:-
Issue No.1
7.                Onus to prove this issue was placed on the plaintiff. The plaintiff as Pw1 deposed that he had good terms with defendant as he was his neighbor. On 00.00.0000, the defendant got loan of Rs. 40000/- from him and issued promissory note Ex.P1. That after receiving the amount the defendant affixed his signatures and thumb impressions on the promissory note. That loan amount was given in presence of Mm and Sn. That both the said witnesses also signed Ex. P1. That defendant undertook  to return the amount after one month which was not returned which necessitated the filing of the instant suit.  That his suit may be decreed.  Mm Pw2 fully corroborated the statement of Pw1 and identified his signatures on the promissory note Ex. P1 as Ex. P1/1. Similarly, Sn Pw3 fully corroborated the earlier Pws and identified his signatures  on promissory note  on Ex. P1 as Ex. P1/2. The evidence on record establishes that defendant executed the promissory note dated 00.00.0000 and the plaintiff  is entitled  to recover  Rs. 40000/- on the basis of promissory note. Therefore, this issue is decided in favour of the plaintiff.
Issue No.2
8.                The onus to prove this issue was placed on the defendant who did not lead any evidence.  Any defect  in the form of suit is not pointed out.  Therefore, this issue is decided against the defendant.
Issue No.3
9.                The onus to prove this issue was placed on the defendant who failed to produce any evidence or point out any legal defect in the suit, therefore, this issue is decided against the defendant.
Issue No.4
10.               The onus to prove this issue was placed on the defendant. The defendant failed to produce any evidence but being a legal issue it must be answered by the court. The promissory note  was executed on 00.00.0000 and revenue ticket  Rs. 2/- was to affixed on it.  The promissory note cum receipt  Ex. P1 bears revenue tickets worth Rs. 6/- in total, therefore, this issue is decided against the defendant.


Issue No.5
11.               The onus to prove this issue was placed on the defendant. In the light of evidence discussed in detail under issue No.1, this issue is decided against the defendant.
Issue No.6
12.               The onus to prove this issue was placed on the defendant. In the light of evidence discussed in detail under issue No.1, this issue is decided against the defendant.
Issue No.7
13.               The onus to prove this issue was placed on the defendant. In the light of evidence discussed in detail under issue No.1, this issue is decided against the defendant.
Issue No.8
14.               The onus to prove this issue was placed on the defendant. The evidence of the parties have been discussed under issue No.1. The defendant through his written statement took the plea that suit was filed against Sm whereas, the name of defendant is Si. The photocopy of National Identity Card  of defendant placed on record supports this plea. There might be any difference in actual name and common name of defendant but service of summons was accepted on his behalf and thereafter he contested the suit till recording of examination in chief of the Pws. There is no doubt in the mind of the court that defendant  is the same person who executed the promissory note Ex. P1. Suit is not liable to be dismissed due to insignificant contradiction in the name of the defendant.  Therefore, this issue is decided against the defendant.
Issue No.9.
15.               The onus to prove this issue was placed on the defendant who failed to produce any evidence. Therefore, this issue is decided against the defendant.
Relief
16.               In the light of what has been discussed above, suit of the plaintiff is decreed as prayed for. Parties are left to bear their own costs. Decree sheet be prepared. File be consigned to the record room after its due completion.
Announced

Judge
                                                                         
It is certified that this judgment consists of five pages, each page, and dictated, corrected and signed by me.
Judge
 * IRRELEVANT MATERIAL SKIPED BUT NOT FICTITIOUS ONE.
  *ONLY LAW POINT INVOLVED. 

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