https://www.taxtmi.com/caselaws?id=417338 A suit on a promissory note turned on proof of execution and the statutory presumption of consideration under Section 118 of the Negotiable Instruments Act. The plaintiff's account of the loan transaction and execution was supported by an attesting witness, and the surrounding evidence was sufficient to establish the document. The defendant failed to rebut the presumption by reliable proof of forgery, material alteration, suspicious circumstances, or other legal infirmity, including by producing adequate admitted signatures for comparison. The findings upholding execution and consideration in favour of the plaintiff were therefore sustained. en-us Wed, 05 Jan 2022 00:00:00 +0530 Fri, 21 Jan 2022 08:50:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417338 A suit on a promissory note turned on proof of execution and the statutory presumption of consideration under Section 118 of the Negotiable Instruments Act. The plaintiff's account of the loan transaction and execution was supported by an attesting witness, and the surrounding evidence was sufficient to establish the document. The defendant failed to rebut the presumption by reliable proof of forgery, material alteration, suspicious circumstances, or other legal infirmity, including by producing adequate admitted signatures for comparison. The findings upholding execution and consideration in favour of the plaintiff were therefore sustained. Case-Laws Indian Laws Wed, 05 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417338