Business Laws : Promissory Note - Admission of Prmissory Note itself no ground to pass decrees

Promissory Notes are believed to be good evidence.

But it can be always proved by evidence that though promissory not was executed, subsequently there were transactions which nullified consideration of Promissory note.

So admission of Promissory Note itself is no ground to pass decree and to refuse to see in other evidences.

Case of Tatipamula Naga Raju vs Pattem Padmavathi 2011(2)Scale 727 para 18

Haresh Raichura
17/6/2012