https://www.taxtmi.com/caselaws?id=422850 Where execution and issuance of promissory notes are admitted, the statutory presumption of consideration under the Negotiable Instruments Act applies and the burden shifts to the defendant to rebut it by proof. A holder of a signed blank promissory note is authorised to complete the instrument, and absence of a thumb impression is not by itself fatal when execution is admitted. Visual comparison of signatures cannot displace admitted execution, and collateral evidence cannot replace the required rebuttal of the statutory presumption. The ratio supports the plaintiff's claim on consideration and validity of completion of the notes. en-us Wed, 02 Mar 2022 00:00:00 +0530 Tue, 24 May 2022 11:15:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422850 Where execution and issuance of promissory notes are admitted, the statutory presumption of consideration under the Negotiable Instruments Act applies and the burden shifts to the defendant to rebut it by proof. A holder of a signed blank promissory note is authorised to complete the instrument, and absence of a thumb impression is not by itself fatal when execution is admitted. Visual comparison of signatures cannot displace admitted execution, and collateral evidence cannot replace the required rebuttal of the statutory presumption. The ratio supports the plaintiff's claim on consideration and validity of completion of the notes. Case-Laws Indian Laws Wed, 02 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422850