25. When day of maturity is a holiday. —When the day on which a promissory note or bill of exchange is at maturity is a public h oliday, the instrument shall be deemed to be due on the next preceding, business day.
Explanation.—The expression “public holiday” includes Sundays: 1*** and any other day declared by the 2[Central Government], by notification in the Official Gazette, to be a public holiday.
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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