Does a promissory note come under legal liability or not?
Does a promissory note come under legal liability or not? If I go to the high court can I win the case? If the signed promissory note, cheque and the signatures are admitted by the accused, is it enough to prove us right in the high court. Please kindly guide me.
The facts stated before the court were in contradiction. You took two different plea before the court, which according to Court can be described as afterthought. This made your case weak.
Further, please specify when you gave 25 lakhs loan did you take anything in writing or you just took a promissory note. Furthermore, also specify in whose favor was promissory note issued?
If the promissory note was issued in favor of the complainant and the execution of cheque is not denied, it could be presumed under Section 118(a) and Section 139 of Negotiable Instrument Acts that the instrument was made or drawn for consideration.
Whether you can go for an appeal or not, can be only answered after examining the copy of the order and the entire file. We have to examine the points of law on which you can appeal. Without examining the file, we will not be able to comment on the same.
- Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Recovery Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.
Get Started >>
Answers by Our Lawyers
- Sarfaesi notice 13(4) symbolic possesion received
- Could not pay EMI company took bike back and sold what should I do
- Purchasing flat whose registry is not done so far.
- Can person be considered to have weak memory without medical evidence?
- Do I need copyright permission to print famous quotes in art books