Promissory Note Appeal Defense

Summary

In a promissory note appeal case, the appellant argues against the authenticity of the document due to material alteration and lack of consideration, claiming it was signed as a favor and intended as security for another transaction. The defense highlights part payments and procedural errors in the trial. The trial court initially ruled in favor of the plaintiff, leading to the appeal.

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Explain facts and all
Here are the key facts of the case involving M.Rami Reddy and B.V.S. Kiran Kumar:
*. Promissory Note Execution: M.Rami Reddy allegedly borrowed Rs.*,*,*/- from B.V.S. Kiran Kumar and signed a promissory note agreeing to repay the amount with interest.
*. Legal Notice: B.V.S. Kiran Kumar issued a legal notice to M.Rami Reddy demanding repayment, which was ignored, leading to the filing of the suit.
*. Defense Claims: M.Rami Reddy claims the note was signed as a favor for a friend (M.Maheswar Reddy), not as a true debt agreement, and was intended as security for a separate transaction.
*. Allegations of Material Alteration: The defense argues that the promissory note was materially altered and lacks genuine consideration.
*. Part Payments: The defense also claims part payments were made, which the plaintiff did not acknowledge.
*. Court Decision: The trial court ruled in favor of the plaintiff (B.V.S. Kiran Kumar), prompting M.Rami Reddy to file an appeal challenging the decision.
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