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of <h1>Liability of Bankers Under Section 129 for Incorrect Payment of Crossed Cheques Explained</h1> Section 129 of the Negotiable Instruments Act, 1881, addresses the liability of bankers concerning the payment of crossed cheques. If a banker pays a generally crossed cheque to a non-banker or a specially crossed cheque to someone other than the designated banker or their agent, the banker is liable to the cheque's true owner for any resulting loss. This provision ensures that crossed cheques are processed correctly, safeguarding the interests of the cheque's rightful owner.
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