Legal World

Section 114 NI Act — Right of payer for honour

The Negotiable Instruments Act, 1881 · Official PDF page 24

Open in NyayaOfficial PDF, page 24

114. Right of payer for honour .—Any person so paying is entitled to all the rights in respect of the bill, of the holder at the time of such payment, and may recover from the party for whose honour he pays all sums so paid, with interest thereon and with all expenses properly incurred in making such payment.

Text extracted from the official PDF (India Code source copy; consolidation date not certified). Line breaks and footnote marks may differ; the PDF is the authority.

For research. Check the official gazette and later amendments before citing a section.