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    <title>2011 (6) TMI 934 - MADRAS HIGH COURT</title>
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    <description>Admission of signatures on blank promissory notes, without proof that they were only signed blanks, was treated as execution for purposes of the statutory presumption under Section 118 of the Negotiable Instruments Act; the defendants failed to rebut that presumption. Section 20, which permits completion of a stamped but incomplete instrument by the holder, could not aid the defence because the factual foundation of blank delivery with authority to complete was not proved. On the facts, the plaintiffs as payees were entitled to enforce the promissory notes, and the lower appellate court&#039;s reversal was set aside while the trial court decrees were restored.</description>
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    <pubDate>Thu, 30 Jun 2011 00:00:00 +0530</pubDate>
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      <title>2011 (6) TMI 934 - MADRAS HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=196262</link>
      <description>Admission of signatures on blank promissory notes, without proof that they were only signed blanks, was treated as execution for purposes of the statutory presumption under Section 118 of the Negotiable Instruments Act; the defendants failed to rebut that presumption. Section 20, which permits completion of a stamped but incomplete instrument by the holder, could not aid the defence because the factual foundation of blank delivery with authority to complete was not proved. On the facts, the plaintiffs as payees were entitled to enforce the promissory notes, and the lower appellate court&#039;s reversal was set aside while the trial court decrees were restored.</description>
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      <pubDate>Thu, 30 Jun 2011 00:00:00 +0530</pubDate>
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