https://www.taxtmi.com/caselaws?id=421207 The lower appellate court dismissed the plaintiff's suit for the recovery of a loan amount based on promissory notes due to material alteration in the notes, shifting the burden of proof on payment of money to the plaintiff. The court found discrepancies in consideration, leading to the rejection of the suit. The plaintiff's reliance on statutory presumption under Sec.118 of the Negotiable Instruments Act was challenged, and the appeal against the lower appellate court's decision was dismissed, upholding the lower court's judgment. en-us Wed, 30 Mar 2022 00:00:00 +0530 Wed, 20 Apr 2022 08:30:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421207 The lower appellate court dismissed the plaintiff's suit for the recovery of a loan amount based on promissory notes due to material alteration in the notes, shifting the burden of proof on payment of money to the plaintiff. The court found discrepancies in consideration, leading to the rejection of the suit. The plaintiff's reliance on statutory presumption under Sec.118 of the Negotiable Instruments Act was challenged, and the appeal against the lower appellate court's decision was dismissed, upholding the lower court's judgment. Case-Laws Indian Laws Wed, 30 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421207