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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Section 85A: Bank Discharged from Liability on Drafts After Payment to Endorsed Payee in Due Course.</h1> Section 85A of the Negotiable Instruments Act, 1881, addresses drafts drawn by one branch of a bank on another, payable to order. It states that when such a draft, which is an order for payment, is endorsed by or on behalf of the payee, the bank is discharged from liability upon making payment in due course. This provision ensures that the bank is not held liable once it fulfills its obligation to pay the endorsed draft as directed.
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