Section 77 Liability of banker for negligently dealing with bill presented for payment. of NEGOTIABLE INSTRUMENTS ACT, 1881

Liability of banker for negligently dealing with bill presented for payment.

77. 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.

Analysis by Experts

No explanations yet!!! Please, Login to provide explanation for this section.

Never File Wrong GSTR-1

Check your GST numbers in bulk. Check unlimited GST numbers with very cheap packages.

Used by
Browse all sections of NEGOTIABLE INSTRUMENTS ACT, 1881
Ask Question