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        Indian Laws

        Section 24 - Calculating maturity of bill or note payable so many days after date or sight

        Negotiable Instruments Act, 1881
        Chapter II
        Of Notes, Bills and Cheques

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        Maturity calculation of negotiable instruments excludes the day of date, presentment, protest or event when counting days. For promissory notes and bills payable a specified number of days after date, after sight, or after an event, the initial day-whether the date itself, the day of presentment for acceptance or sight, the day of protest for non-acceptance, or the day the event occurs-must be excluded when computing the date of maturity.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Maturity calculation of negotiable instruments excludes the day of date, presentment, protest or event when counting days.

                              For promissory notes and bills payable a specified number of days after date, after sight, or after an event, the initial day-whether the date itself, the day of presentment for acceptance or sight, the day of protest for non-acceptance, or the day the event occurs-must be excluded when computing the date of maturity.


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