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Section 128 – The Negotiable Instruments Act, 1881

The Negotiable Instruments Act, 1881

 

128. Payment in due course of crossed cheque

 

Where the banker on whom a crossed cheque is drawn has paid the same in due course, the banker paying the cheque, and (in case such cheque has come to the hands of the payee) the drawer thereof, shall respectively be entitled to the same rights, and be placed in the same position in all respects, as they would respectively be entitled to and placed in if the amount of the cheque had been paid to and received by the true owner thereof.

 

 

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The Negotiable Instruments Act, 1881

 

Indian Laws – Bare Acts

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