1. The two appeals and the Cross Objection are taken up for
analogous consideration as they have emanated out of a common
judgment and decree dated April 25, 2024 passed in CS No. 191 of
2012. Since there are appeals on both sides and a cross objection, we
would refer the parties as they stand designated in CS 191 of 2012 for
the sake of convenience.
2. By the impugned judgment and decree, CS 191 of 2012 was
disposed of by the learned Single Judge directing defendant No. 2,
Sonali Majumdar, to pay to the plaintiff, a sum of ₹25,29,156.85/-
with interest. The impugned judgment and decree also directed
defendant No.1 the City Bank N.A. to pay a cost of ₹1,00,000/- to the
plaintiff in the suit. The learned Single Judge passed the impugned
judgment and decree to the following terms:
