IN THE HIGH COURT OF JUDICATURE AT MADRAS
SATHI KUMAR SUKUMARA KURUP, J
Chinnusamy Reddiar (Died) – Appellant
Versus
R. Srinivasan – Respondent
JUDGMENT :
(SATHI KUMAR SUKUMARA KURUP, J.)
This Appeal is filed to set aside the Judgment and Decree dated 18.09.2012 made in A.S. No. 6 of 2012, on the file of the learned Principal District Judge, Namakkal confirming the Judgment and Decree dated 15.07.2011 made in O.S. No. 377 of 1997 on the file of the learned Sub Judge, Namakkal.
2. For the sake of convenience, the parties to this Appeal are referred to as per the status in the suit as “Plaintiff” and “Defendants” as the case may be.
3. The Defendants in O.S. No. 377 of 1997 are the Appellants in this Second Appeal. The suit in O.S. No. 377 of 1997 was filed for recovery of a sum of Rs.1,53,000/- representing Rs.1,00,000/- towards principal and Rs.53,000/- towards interest and costs
4. As per the plaint averments, the first Defendant – Chinnasamy Reddiar (since deceased) requested the Plaintiff for a loan of Rs.1,00,000/- to purchase a land. The first Defendant also agreed to pay Rs.2/- per Rs.100/- per month towards interest. Accordingly, the Plaintiff paid the amount on 15.09.1991 and upon receipt of the sum of Rs.1,00,000/- the first Defendant executed a demand promissory note, promising to pay the sum of Rs.1,00,000/- together
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A party seeking recovery under a promissory note must prove the validity of the note; failure to substantiate an endorsement leads to claims being barred by limitation.
The burden of proof on the plaintiff to establish consideration for the promissory note and the standard of proof required in cases involving the genuineness of signatures and endorsements.
The burden of proof lies with the plaintiff to establish the claim, and the court may rely on a preponderance of probabilities to reach a decision.
The court reaffirmed that the burden of proof regarding the authenticity of a promissory note lies with the party alleging forgery, and the evidence must be evaluated on the preponderance of probabil....
The court emphasized that ocular evidence, such as the testimony of witnesses, can outweigh the opinion of a handwriting expert. The court held that the plaintiff's evidence, including the validity o....
The courts affirmed the validity of a promissory note based on direct evidence, emphasizing that expert testimony is weak and should not override substantive evidence.
Point of Law : Suit for specific performance and permanent injunction – Agreement of Sale - non mentioning of the correct survey number in the agreement of sale cannot be held to be due to inadverten....
(1) Once signature in promissory note is admitted, presumption would go to support execution of Pronote.(2) Stamp paper purchased by or for use of a person, can be used by that person or his legal re....
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