Section 127 NI Act — Payment of cheque crossed specially more than once

The Negotiable Instruments Act, 1881 · Official PDF page 26

127. Payment of cheque crossed specially more than once. —Where a cheque is crossed specially to more than one banker, except when crossed to an agent for the purpose of collection, the banker on whom it is drawn shall refuse payment thereof.

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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