Mallavarapu Kasivisweswara Rao vs Thadikonda Ramulu Firm & Ors on 16 May, 2008
8. At this juncture it would be apropos to refer to the
presumptions envisaged under the NI Act. Section 118(a)
provides that every negotiable instrument shall be presumed to
have been made or drawn for consideration. The Hon'ble
Supreme Court in the case of Mallavarapu Kasivisweswara
Rao Vs. Thadikonda Ramulu Firm & Ors. AIR 2008 SC
2898 has thus held: