https://www.taxtmi.com/caselaws?id=272699 The court held that the presumption of consideration under Section 118(a) of the Negotiable Instruments Act is a principle essential for trade and negotiability, applicable even where the Act is not in force. The burden of disproving consideration rests on the defendant, and in this case, the defendant failed to do so. Consequently, the appeal was dismissed, and the suit was decreed in favor of the plaintiff for the principal amount with interest. Each party was directed to bear their own costs. en-us Fri, 28 Mar 1958 00:00:00 +0530 Mon, 14 May 2018 12:16:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272699 The court held that the presumption of consideration under Section 118(a) of the Negotiable Instruments Act is a principle essential for trade and negotiability, applicable even where the Act is not in force. The burden of disproving consideration rests on the defendant, and in this case, the defendant failed to do so. Consequently, the appeal was dismissed, and the suit was decreed in favor of the plaintiff for the principal amount with interest. Each party was directed to bear their own costs. Case-Laws Indian Laws Fri, 28 Mar 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272699