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        Indian Laws

        Section 48 - Negotiation by indorsement

        Negotiable Instruments Act, 1881
        Chapter IV
        Of Negotiation

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        Negotiation by indorsement enables transfer of order instruments by indorsement and delivery, subject to the statutory proviso. Where a promissory note, bill of exchange or cheque is payable to order, the holder may negotiate the instrument by indorsement and delivery to the transferee, subject to the statutory proviso governing such negotiation.
                          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.

                              Negotiation by indorsement enables transfer of order instruments by indorsement and delivery, subject to the statutory proviso.

                              Where a promissory note, bill of exchange or cheque is payable to order, the holder may negotiate the instrument by indorsement and delivery to the transferee, subject to the statutory proviso governing such negotiation.


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