https://www.taxtmi.com/caselaws?id=274036 Material alteration of a promissory note, including a subsequently inserted date in different ink, renders the instrument void and unenforceable against a non-consenting party unless the party relying on it explains the alteration and proves consent or common intention. Where no satisfactory explanation is provided, recovery cannot be founded on the altered instrument. When the pleaded loan transaction is contemporaneous with, and solely founded on, that promissory note, an alternative claim for recovery is also unavailable. The suit claim therefore fails entirely. en-us Mon, 18 Feb 1985 00:00:00 +0530 Wed, 25 Jul 2018 17:02:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274036 Material alteration of a promissory note, including a subsequently inserted date in different ink, renders the instrument void and unenforceable against a non-consenting party unless the party relying on it explains the alteration and proves consent or common intention. Where no satisfactory explanation is provided, recovery cannot be founded on the altered instrument. When the pleaded loan transaction is contemporaneous with, and solely founded on, that promissory note, an alternative claim for recovery is also unavailable. The suit claim therefore fails entirely. Case-Laws Indian Laws Mon, 18 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274036