Section 90

Extinguishment of rights of action on bill in acceptor's hands.

The Negotiable Instruments Act, 1881

  • Act 26 of 1881
  • Ministry of Finance
  • Department of Financial Services
About this Act

An Act to define and amend the law relating to Promissory Notes, Bills of Exchange and Cheques.

All sections
    If a bill of exchange which has been negotiated is, at or after maturity, held by the acceptor in his own right, all rights of action thereon are extinguished.

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

Scroll to Top