Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Section 81: Right to View and Receive Negotiable Instruments Before Payment; Indemnity Required if Lost or Missing.</h1> Section 81 of the Negotiable Instruments Act, 1881, stipulates that any person liable to pay on a promissory note, bill of exchange, or cheque is entitled to have the instrument shown before payment and delivered upon payment. If the instrument is lost or cannot be produced, the payer is entitled to indemnity against further claims. In cases involving electronic images of truncated cheques, the banker receiving payment can retain the truncated cheque, and a certificate from the banker serves as prima facie proof of payment.
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