https://www.taxtmi.com/caselaws?id=461574 A materially altered promissory note is void against a non-consenting party, and the holder must affirmatively explain when and how the alteration was made and show it was not improperly made. If the alteration is not satisfactorily explained, the instrument is presumed to have been altered while in the holder's custody and becomes unenforceable. The claimant cannot then recover on the original consideration unless an independent loan claim is separately pleaded and proved; where the suit is founded on the note as part of the same transaction, the original debt cannot be enforced once the note is void. 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 A materially altered promissory note is void against a non-consenting party, and the holder must affirmatively explain when and how the alteration was made and show it was not improperly made. If the alteration is not satisfactorily explained, the instrument is presumed to have been altered while in the holder's custody and becomes unenforceable. The claimant cannot then recover on the original consideration unless an independent loan claim is separately pleaded and proved; where the suit is founded on the note as part of the same transaction, the original debt cannot be enforced once the note is void. Case-Laws Indian Laws Wed, 31 Aug 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461574