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        Indian Laws

        Section 120 - Estoppel against denying original validity of instrument

        Negotiable Instruments Act, 1881
        Chapter XIII
        Special rules of evidence

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        Estoppel against denying instrument validity: parties cannot contest original genuineness when sued by a holder in due course. Estoppel bars the maker of a promissory note, the drawer of a bill of exchange or cheque, and an acceptor for the honour of the drawer from denying the original validity of the instrument in a suit brought by a holder in due course, thereby preventing those parties from contesting that the instrument was validly made or drawn at inception.
                          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.

                              Estoppel against denying instrument validity: parties cannot contest original genuineness when sued by a holder in due course.

                              Estoppel bars the maker of a promissory note, the drawer of a bill of exchange or cheque, and an acceptor for the honour of the drawer from denying the original validity of the instrument in a suit brought by a holder in due course, thereby preventing those parties from contesting that the instrument was validly made or drawn at inception.


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