K. Periyasamy – Appellant
Versus
P. Saroja – Respondent
JUDGMENT :
V. BHAVANI SUBBAROYAN, J.
1. The second appeal is directed against the concurrent Judgments and decrees, passed in O.S. No. 171 of 2004 by the Principal Subordinate Court, Dindigul and in A.S. No. 23 of 2012, passed by the Additional District Court, Dindigul.
2. For the sake of convenience, the parties are referred to herein, as per their own ranking as before the Trial Court.
3. The respondents herein as plaintiffs 2 to 4 have instituted a suit in O.S. No. 171 of 2004 on the file of the trial Court for recovery of money of a sum of Rs. 3,40,750/- along with interest based on a pro-note, dated 28.05.2001, wherein, the appellant has been shown as the defendant.
4. In the plaint, it is averred that the defendant approached the deceased first plaintiff on 28.05.2001 and obtained a sum of Rs. 2,50,000/- with interest at the rate of 1% for a sum of Rs. 100/- per month, for his agricultural expenses and executed a promissory note on the same day. Due to non-payment of the said amount, the first plaintiff has sent a legal notice on 16.12.2002. Though the defendant had received the notice, he had not repaid the amount. Hence, the suit. Pending suit the first plaintiff died and his le
The mere admission of a signature on a Promissory Note does not invoke the presumption under Section 118 of the Negotiable Instruments Act without proof of execution and passing of consideration.
The plaintiff's failure to disprove the defense taken by the defendant and the finding of the suit promissory note as not true and valid influenced the court's decision.
Compliance with procedural standards, especially regarding valid demand notices, is essential in legal proceedings concerning negotiable instruments to ensure fairness and justice.
Concurrent findings of fact by lower courts should not be disturbed unless proven perverse, emphasizing the finality of first appellate court's decisions.
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.