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        Indian Laws

        Section 53 - Holder deriving title from holder in due course

        Negotiable Instruments Act, 1881
        Chapter IV
        Of Negotiation

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        Holder deriving title from holder in due course obtains the same enforceable rights on the negotiable instrument. A holder of a negotiable instrument who derives title from a holder in due course has the rights thereon of that holder in due course; rights and enforceable incidents attached to the holder in due course pass to a subsequent holder taking title through that holder, placing the subsequent holder in the same legal position regarding rights on the instrument.
                          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.

                                Holder deriving title from holder in due course obtains the same enforceable rights on the negotiable instrument.

                                A holder of a negotiable instrument who derives title from a holder in due course has the rights thereon of that holder in due course; rights and enforceable incidents attached to the holder in due course pass to a subsequent holder taking title through that holder, placing the subsequent holder in the same legal position regarding rights on the instrument.


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