https://www.taxtmi.com/caselaws?id=296061 The court held that the defendant had borrowed money from the plaintiff by discounting suit cheques, rejecting the defendant's claim that the cheques were given in blank for previous transactions. The trial court's decree in favor of the plaintiff was upheld, with the defendant failing to provide credible evidence to the contrary. The court determined that the interest rate should be 6% per annum, in accordance with the Negotiable Instruments Act, from the date the cheques were returned until realization. The appeals were partially allowed, modifying the interest rate while upholding the principal amounts decreed. en-us Wed, 29 Oct 1997 00:00:00 +0530 Fri, 02 Jul 2021 09:47:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296061 The court held that the defendant had borrowed money from the plaintiff by discounting suit cheques, rejecting the defendant's claim that the cheques were given in blank for previous transactions. The trial court's decree in favor of the plaintiff was upheld, with the defendant failing to provide credible evidence to the contrary. The court determined that the interest rate should be 6% per annum, in accordance with the Negotiable Instruments Act, from the date the cheques were returned until realization. The appeals were partially allowed, modifying the interest rate while upholding the principal amounts decreed. Case-Laws Indian Laws Wed, 29 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296061