https://www.taxtmi.com/caselaws?id=801359 Admission of a cheque signature activates statutory presumptions of consideration and legally enforceable debt, placing the drawer under a reverse onus to establish a probable defence on a preponderance of probabilities. A lost-cheque account supported only by a General Diary entry and stop-payment instructions, without independent corroboration or prompt action, does not displace those presumptions. Absence of a written loan agreement or income-tax disclosure does not by itself negate a modest hand loan where the lender's financial capacity is not probably challenged. A proprietary concern has no legal identity separate from its sole proprietor. Revisional jurisdiction is limited to patent illegality, perversity, jurisdictional error, or gross miscarriage of justice. en-us Wed, 30 Sep 2026 00:00:00 +0530 Wed, 21 Oct 2026 08:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801359 Admission of a cheque signature activates statutory presumptions of consideration and legally enforceable debt, placing the drawer under a reverse onus to establish a probable defence on a preponderance of probabilities. A lost-cheque account supported only by a General Diary entry and stop-payment instructions, without independent corroboration or prompt action, does not displace those presumptions. Absence of a written loan agreement or income-tax disclosure does not by itself negate a modest hand loan where the lender's financial capacity is not probably challenged. A proprietary concern has no legal identity separate from its sole proprietor. Revisional jurisdiction is limited to patent illegality, perversity, jurisdictional error, or gross miscarriage of justice. Case-Laws Indian Laws Wed, 30 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801359