https://www.taxtmi.com/caselaws?id=298933 A money lender's failure to maintain and produce accounts as required by the Kerala Money Lenders Act justified an adverse inference, and the statutory presumption of consideration under the Negotiable Instruments Act stood rebutted. The surrounding evidence of prior chit fund dealings, an admitted outstanding balance, and the fact that the suit notes and related documents appeared to have been filled up together in the same handwriting and ink showed that the alleged cash advances were not proved. The promissory notes were therefore not established as supported by consideration, and the suit could not be sustained on the evidence. en-us Wed, 31 Mar 2004 00:00:00 +0530 Sat, 29 Mar 2025 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298933 A money lender's failure to maintain and produce accounts as required by the Kerala Money Lenders Act justified an adverse inference, and the statutory presumption of consideration under the Negotiable Instruments Act stood rebutted. The surrounding evidence of prior chit fund dealings, an admitted outstanding balance, and the fact that the suit notes and related documents appeared to have been filled up together in the same handwriting and ink showed that the alleged cash advances were not proved. The promissory notes were therefore not established as supported by consideration, and the suit could not be sustained on the evidence. Case-Laws Indian Laws Wed, 31 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298933