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Section 31 NI Act — Liability of drawee of cheque

The Negotiable Instruments Act, 1881 · Official PDF page 12

Open in NyayaOfficial PDF, page 12

31. Liability of drawee of cheque.—The drawee of a cheque having sufficient funds of the drawer in his hands properly applicable to the payment of such cheque must pay the cheque when duly required so to do, and , in default of such payment, must compensate the drawer for any loss or damage caused by such default.

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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