https://www.taxtmi.com/caselaws?id=422850 Admitted execution and issuance of promissory notes trigger the statutory presumption of consideration under the Negotiable Instruments Act, shifting the burden to the defendant to rebut it by proof. A signed blank promissory note authorises the holder to complete the instrument, and absence of a thumb impression is not fatal where signature and execution are admitted. Visual comparison of signatures and collateral evidence cannot displace the claim in these circumstances. The appellate reversal was set aside, the trial court decree was restored, and the attachment before judgment order was maintained. 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 Admitted execution and issuance of promissory notes trigger the statutory presumption of consideration under the Negotiable Instruments Act, shifting the burden to the defendant to rebut it by proof. A signed blank promissory note authorises the holder to complete the instrument, and absence of a thumb impression is not fatal where signature and execution are admitted. Visual comparison of signatures and collateral evidence cannot displace the claim in these circumstances. The appellate reversal was set aside, the trial court decree was restored, and the attachment before judgment order was maintained. Case-Laws Indian Laws Wed, 02 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422850