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Section 77 NI Act — Liability of banker for negligently dealing with bill presented for payment

The Negotiable Instruments Act, 1881 · Official PDF page 19

Open in NyayaOfficial PDF, page 19

77. Liability of banker for negligently dealing with bill presented for payment. —When a bill of exchange, accepted payable at a specified bank, has been duly presented there for payment and dishonoured, if the banker so negligently or improperly keeps, deals with or delivers back such bill as to cause loss to the holder, he must compensate the holder for such loss.

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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