https://www.taxtmi.com/caselaws?id=458131 The Madras HC allowed the defendant's appeal against a trial court decree for money based on a dishonoured cheque. While Section 118 of the Negotiable Instruments Act creates a strong presumption supporting negotiable instruments, this presumption was successfully rebutted. The plaintiff failed to produce documents proving the alleged lending of Rs. 23 lakhs, had no bank account, was not an income tax assessee, and made false claims about his mother's financial capacity. Despite the defendant's failure to lodge a police complaint or reply to legal notice, the plaintiff's contradictory cross-examination testimony destroyed the statutory presumption. The trial court's judgment and decree were set aside. en-us Wed, 06 Dec 2023 00:00:00 +0530 Wed, 09 Oct 2024 20:01:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458131 The Madras HC allowed the defendant's appeal against a trial court decree for money based on a dishonoured cheque. While Section 118 of the Negotiable Instruments Act creates a strong presumption supporting negotiable instruments, this presumption was successfully rebutted. The plaintiff failed to produce documents proving the alleged lending of Rs. 23 lakhs, had no bank account, was not an income tax assessee, and made false claims about his mother's financial capacity. Despite the defendant's failure to lodge a police complaint or reply to legal notice, the plaintiff's contradictory cross-examination testimony destroyed the statutory presumption. The trial court's judgment and decree were set aside. Case-Laws Indian Laws Wed, 06 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458131