https://www.taxtmi.com/caselaws?id=296843 The appellate court decreed the suit in favor of the plaintiff, entitling them to the repayment of Rs. 60,000 with costs. The court found that the defendants failed to provide acceptable evidence to rebut the legal presumption of consideration under Section 118 of the Negotiable Instruments Act, establishing their liability to repay the loan. The appellate court set aside the trial court's judgment, emphasizing the proper application of legal principles in determining the outcome. en-us Mon, 19 Dec 2005 00:00:00 +0530 Mon, 09 Aug 2021 11:09:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296843 The appellate court decreed the suit in favor of the plaintiff, entitling them to the repayment of Rs. 60,000 with costs. The court found that the defendants failed to provide acceptable evidence to rebut the legal presumption of consideration under Section 118 of the Negotiable Instruments Act, establishing their liability to repay the loan. The appellate court set aside the trial court's judgment, emphasizing the proper application of legal principles in determining the outcome. Case-Laws Indian Laws Mon, 19 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296843