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Validity of promissory notes - promissory notes are executed for ...


Promissory Note Validity Affirmed: Different Ink for Creditor's Name and Date Isn't Material Alteration Without Evidence.

July 19, 2023

Case Laws     Indian Laws     HC

Validity of promissory notes - promissory notes are executed for a valid consideration or not - merely, because a different ink is used in respect of the name of the creditor and date of the instruments, we cannot come to a conclusion that the Negotiable Instrument is vitiated by material alteration in the absence of any plea or independent evidence in support of the same. - HC

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