https://www.taxtmi.com/caselaws?id=461398 In this case concerning a dispute over a bill of exchange, the HC held that a valid bill of exchange must be unconditional. The document in question contained a condition that payment would only be made after the completion of certain work, rendering it conditional. The court determined this was not a valid bill of exchange under the Negotiable Instruments Act. Additionally, the court found that the respondent had not discharged the burden of proving that the appellant had received consideration for the document. en-us Fri, 11 Oct 2013 00:00:00 +0530 Fri, 04 Apr 2025 15:24:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461398 In this case concerning a dispute over a bill of exchange, the HC held that a valid bill of exchange must be unconditional. The document in question contained a condition that payment would only be made after the completion of certain work, rendering it conditional. The court determined this was not a valid bill of exchange under the Negotiable Instruments Act. Additionally, the court found that the respondent had not discharged the burden of proving that the appellant had received consideration for the document. Case-Laws Income Tax Fri, 11 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461398