https://www.taxtmi.com/caselaws?id=277442 Promissory note consideration under the Indian Contract Act was absent where litigation advances were made under an earlier undertaking by the appellant's predecessor, rather than at the respondent's independent desire. Requests for funds merely implemented that undertaking and did not constitute consideration. The voluntary-act exception also did not apply because the advances were not voluntarily made for the respondent in the statutory sense, and the promissory note did not embody a valid promise to compensate a voluntary act already performed. The promissory note was therefore unenforceable. en-us Thu, 18 Mar 1948 00:00:00 +0530 Tue, 04 Dec 2018 12:31:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277442 Promissory note consideration under the Indian Contract Act was absent where litigation advances were made under an earlier undertaking by the appellant's predecessor, rather than at the respondent's independent desire. Requests for funds merely implemented that undertaking and did not constitute consideration. The voluntary-act exception also did not apply because the advances were not voluntarily made for the respondent in the statutory sense, and the promissory note did not embody a valid promise to compensate a voluntary act already performed. The promissory note was therefore unenforceable. Case-Laws Indian Laws Thu, 18 Mar 1948 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277442