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Section 122 NI Act — Estoppel against denying signature or capacity of prior party

The Negotiable Instruments Act, 1881 · Official PDF page 26

Open in NyayaOfficial PDF, page 26

122. Estoppel against denying signature or capacity of prior party. —No indorser of a negotiable instrument shall, in a suit thereon by a subsequent holder, be permitted to deny the signature o r capacity to contract of any prior party to the instrument.

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.

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