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of <h1>Drawer Must Compensate Holder if Cheque is Dishonored Under Section 30 of Negotiable Instruments Act, 1881.</h1> The drawer of a bill of exchange or cheque is obligated to compensate the holder if the drawee or acceptor dishonors the instrument, given that the drawer has received due notice of the dishonor. This provision is outlined under Section 30 of the Negotiable Instruments Act, 1881, which governs the liabilities of parties involved in negotiable instruments such as notes, bills, and cheques in Indian law.
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