Search Results for "presumption under Section 118 NI Act"

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Madras High Court (Madurai Bench) Dismisses Defendant's Second Appeal in Promissory Note Recovery Suit — Execution Admitted, Presumption Not Rebutted. Presumption under Section 118 Negotiable Instruments Act, 1881 not rebutted; rejection of additional evidence under Order 41 Rule 27 CPC upheld.

The dispute arose from a suit for recovery of money based on a promissory note dated 25.06.2007 executed by the defendant in favor of the plaintiff. T...

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Bombay High Court Considers Challenge to Arbitral Award in High Seas Sales Dispute. Court Examines Whether Claim Based on Dishonoured Cheques Can Be Defeated by Ex Turpi Causa Defence Under Section 118 of the Negotiable Instruments Act, 1881.

The dispute arose from high seas sales of raw materials and pharmaceutical drugs. The Respondent, as vendor, had filed a summary suit for recovery of ...