GULISTAN TEXTILE MILLS LIMITED Versus BASIT BILLA COTTON INDUSTRIES LIMITED
1. The present suit has been filed on 6‑5‑1986 by the plaintiff for recovery of Rs. 1,99,855 with interest and costs against the two defendants. It is alleged m the plaint that the plaintiff paid to Fazal Oil Mills Limited Sadiqabad, on or about 4th August, 1984, the sum of Rs. 2,00,000 for the purchase of cotton. At that time the defendant No. 2 was the Managing Director of the said Mills. It is further alleged that after adjustments the amount of Rs. 1,87,555.62 was mutually found due and payable by the said Mills to the plaintiff, at the relevant time. It is alleged that pursuant to the mutual settlement made between the defendants and the said Fazal Oil Mills Limited, and in consideration thereof, the defendants agreed to pay to the plaintiff the aforesaid amount of Rs. 1,87,555.62, and in confirmation of the said settlement, the defendant No. 2 signed and delivered to the plaintiff letter, dated 12th October, 1985 wherein the liability of the said amount was admitted and acknowledged and he unconditionally agreed or confirmed to pay the said amount to the plaintiff. It is further alleged that the defendant No. 2 also signed and delivered to the plaintiff the demand promissory note, dated 12th October, 1985, for the aforesaid amount. The learned counsel has placed before me original demand promissory note. It is also alleged that the defendant issued cheque bearing No. 75114 dated 30‑11‑1985 drawn on Allied Bank of Pakistan Limited, Pakistan Chowk Branch, which was dishonoured. The plaintiff has also placed before me cheque original and the memorandum issued by the Bank. The plaintiff finally served legal notice dated 18th February, 1986, but the defendants failed and neglected to pay the amount. The plaint is on oath and has not been denied by any of the defendants. The plaintiff is entitled to a decree as against the defendants Nos. 1 and 2 jointly and severally in the sum of Rs. 1,99,855 with interest 16 per cent per annum from the date of the filing of the suit till realization. The plaintiff shall also be entitled to costs against the defendants.
2. H.B.T./G‑75/K
3. Suit decreed with costs.