https://www.taxtmi.com/caselaws?id=417537 Admission of execution of a negotiable instrument attracts the statutory presumption of consideration under Section 118 of the Negotiable Instruments Act, 1881, and the burden shifts to the defence to rebut it by a probable and credible case on preponderance of probabilities. Unproved assertions of prior settlement, unsupported by reliable witnesses or documents linking payments to the suit debt, do not displace that presumption. In second appeal under Section 100 of the Code of Civil Procedure, interference is confined to substantial questions of law; concurrent findings based on evidence and correct application of burden and presumption principles will not be disturbed absent perversity or legal error. en-us Fri, 31 Dec 2021 00:00:00 +0530 Thu, 27 Jan 2022 08:39:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417537 Admission of execution of a negotiable instrument attracts the statutory presumption of consideration under Section 118 of the Negotiable Instruments Act, 1881, and the burden shifts to the defence to rebut it by a probable and credible case on preponderance of probabilities. Unproved assertions of prior settlement, unsupported by reliable witnesses or documents linking payments to the suit debt, do not displace that presumption. In second appeal under Section 100 of the Code of Civil Procedure, interference is confined to substantial questions of law; concurrent findings based on evidence and correct application of burden and presumption principles will not be disturbed absent perversity or legal error. Case-Laws Indian Laws Fri, 31 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417537