https://www.taxtmi.com/caselaws?id=214153 A dishonoured cheque carries a statutory presumption of consideration under the Negotiable Instruments Act, and a bare denial unsupported by written agreement, contemporaneous protest, or reply to notice does not ordinarily rebut that presumption or create a bona fide triable defence in a summary suit. The commentary also notes that where a company is effectively controlled as a family vehicle and the corporate form is used to defeat legitimate claims, the court may lift the corporate veil and fasten joint and several liability on the controllers. Section 70 of the Contract Act is referenced as reinforcing repayment where benefits are received without a valid contractual basis. en-us Tue, 01 May 2012 00:00:00 +0530 Tue, 19 Jun 2012 13:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214153 A dishonoured cheque carries a statutory presumption of consideration under the Negotiable Instruments Act, and a bare denial unsupported by written agreement, contemporaneous protest, or reply to notice does not ordinarily rebut that presumption or create a bona fide triable defence in a summary suit. The commentary also notes that where a company is effectively controlled as a family vehicle and the corporate form is used to defeat legitimate claims, the court may lift the corporate veil and fasten joint and several liability on the controllers. Section 70 of the Contract Act is referenced as reinforcing repayment where benefits are received without a valid contractual basis. Case-Laws Companies Law Tue, 01 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214153