Case Law Analysis
|Karnataka High Court
Sections 101-102 Evidence Act | Written Proof Mandatory for Forward Purchase Contracts; Adverse Inference Applies for Non-Production : Karnataka HC
Karnataka High Court rules that banks must substantiate Forward Purchase Contracts with written evidence under the Evidence Act, or risk adverse inference. The judgment reinforces that the burden of proof rests squarely on the claimant, impacting debt recovery proceedings and banking litigation.