https://www.taxtmi.com/caselaws?id=461574 Material alteration of a promissory note renders it void against a non-consenting party under the Negotiable Instruments Act. The holder must explain when and how an apparent alteration occurred and establish that it was proper; failing this, the alteration may be attributed to the holder or to circumstances within the holder's custody. Where recovery is claimed solely on the altered instrument, the original consideration cannot be recovered unless an independent loan claim is separately pleaded and established. An alleged receipt of money does not by itself establish separate liability, and the Evidence Act may bar independent proof of consideration where the written instrument governs the transaction. en-us Wed, 31 Aug 1960 00:00:00 +0530 Mon, 14 Apr 2025 17:31:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461574 Material alteration of a promissory note renders it void against a non-consenting party under the Negotiable Instruments Act. The holder must explain when and how an apparent alteration occurred and establish that it was proper; failing this, the alteration may be attributed to the holder or to circumstances within the holder's custody. Where recovery is claimed solely on the altered instrument, the original consideration cannot be recovered unless an independent loan claim is separately pleaded and established. An alleged receipt of money does not by itself establish separate liability, and the Evidence Act may bar independent proof of consideration where the written instrument governs the transaction. Case-Laws Indian Laws Wed, 31 Aug 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461574