Cash Payments in Promissory Note Are Enforceable: SC

Georgekutty Chacko Vs M.N Saji (Supreme Court of India) Cash Payments Are Real Too: Cash Portion in Promissory Note Cannot Be Disbelieved- No Splitting Bank & Cash Components -Negotiable Instruments Act Presumption Saves Creditor – SC Overturns HC’s Cut in Promissory Note Recovery The Supreme Court dealt with the issue of recovery of money pursuant to a promissory note & clarified that the cash portion of a transaction cannot be disbelieved merely for lack of separate documentary proof. The appellant, Georgekutty Chacko, had advanced a total of ₹30.80 lakh to the respondent M...