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        Indian Laws

        Section 63 - Drawee's time for deliberation

        Negotiable Instruments Act, 1881
        Chapter V
        Of Presentment

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        Drawee's time for deliberation grants the drawee a prescribed period to consider accepting a presented bill when requested. When a bill of exchange is presented for acceptance and the drawee requests time to consider, the holder must permit a prescribed deliberation period before requiring acceptance; this period is computed exclusive of public holidays.
                          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.

                              Drawee's time for deliberation grants the drawee a prescribed period to consider accepting a presented bill when requested.

                              When a bill of exchange is presented for acceptance and the drawee requests time to consider, the holder must permit a prescribed deliberation period before requiring acceptance; this period is computed exclusive of public holidays.


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