https://www.taxtmi.com/caselaws?id=165249 The Supreme Court held that the respondents failed to prove the non-existence of consideration for a pronote, entitling the appellant to the benefit of presumption under the Negotiable Instruments Act. The lower courts' judgments were modified, decreeing the suit in full, allowing the appellant to recover the entire claimed amount. The court did not address specific issues regarding the capacity in which the pronotes were executed, focusing on validity and consideration instead. No costs were awarded. en-us Fri, 16 May 2008 00:00:00 +0530 Thu, 05 Jun 2014 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165249 The Supreme Court held that the respondents failed to prove the non-existence of consideration for a pronote, entitling the appellant to the benefit of presumption under the Negotiable Instruments Act. The lower courts' judgments were modified, decreeing the suit in full, allowing the appellant to recover the entire claimed amount. The court did not address specific issues regarding the capacity in which the pronotes were executed, focusing on validity and consideration instead. No costs were awarded. Case-Laws Companies Law Fri, 16 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165249