Suit For Promissory Note

Suggest Format of "Suit For Promissory Note"​

Note: This is a sample format/Draft of Suit for Promissory Note. For the actual drafting and/or customs designed & precise inputs you can touch us for online drafting based upon your inputs. This draft can be downloaded free and modified for contingent and urgent requirement.

 

 

BEFORE THE HON’BLE JMFC/CITY CIVIL COURT

_____________AT _______________, MUMBAI

Suit no.______ of 20_____

 

Mr. ABC S/o DEF                     )

Aged about ……. Years,           )

Occ: Service/Business             )

R/o ________________         )

Mob: ………………………..            )         

….…………Plaintiff

            Versus

 

Mr. XXX S/o YYY                      )

Aged about ……. Years,           )

Occ: Service/Business             )

R/o ________________         )

Mob: ………………………..            )    

…………Defendants

 

MAY IT PLEASE YOUR HONOUR;

The Plaintiff abovenamed begs to states as follows;

  1. That the defendant borrowed a sum of Rs………….. from the Plaintiff on…………. And promised to pay the same on demand at………………. With interest at the rate of Rs………….. per cent annum and on the same date executed a promissory note and a receipt to secure the loan.
  2. That the Defendant has paid Rs…………… towards the principal and rs………. Towards interest. All such payments have been duly endorsed and signed by the Defendant in his own hand on the back of the promissory note.
  3. That on……….., the accounts were settled between the parties and a sum of Rs………….. as principal and Rs…………. As interest was found due to the Plaintiff from the Defendant and in token of the acceptance and correctness of the said settlement of accounts, the Defendant in his own hand and over his signature endorsed on the back of the promissory note that the said sums of principal and interest remained due for payment by the defendant.
  4. That the defendant has not, in spite of repeated demands and given of a registered notice, paid anything out of the said sums to the Plaintiff.
  5. That now the Plaintiff is entitled to recover Rs………… as principal and Rs………….. as interest at the agreed rate upto the date of the institution of the suit and also future interests upto the date of actual payments from the Defendant.
  6. Cause of action (date of acknowledgement).
  7. That the valuation of the suit for the purposes of jurisdiction and payment of court-fee is Rs……………….. and ad valorem court-fee has been paid accordingly.
  8. The Plaintiff, therefore, claims the following reliefs:
  • A decree for Rs…………….., may kindly be passed in favour of the Plaintiff against the Defendant.
  • Pendent lite and future interests be awarded.
  • Costs of the suit may be awarded to the Plaintiff against the defendant.
  • Any other relief that this Court may deem just and proper.

 

 Plaintiff

Advocate of the Plaintiff

 

V E R I F I C A T I O N

   I, …………………….., of Mumbai, Hindu, Indian Inhabitant, the Petitioner abovenamed, do hereby solemnly declare that what is stated in Paragraphs ..….. to…….. of the fore going petition is true to my own knowledge.

 

 Solemnly declared at Mumbai           )

Dated this       day of               , 20___)

  , 20                                                     )     

 

Plaintiff

 

Interpreted & Explained by me

 

Advocate for Plaintiff