Post-dated cheque remains negotiable; holder in due course can recover from the drawer after dishonour.

A post-dated cheque remains a valid negotiable instrument as a bill of exchange under the Negotiable Instruments Act. Mere postponement of the payment date does not change its character as payable on demand after the due date. A holder in due course without notice of any defect was entitled to recover from the drawer after dishonour, and notice of dishonour was unnecessary where the drawer had stopped payment. The drawer remained liable to pay the cheque amount to the holder in due course, and the appeal succeeded.

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Issues: Whether a post-dated cheque is a valid negotiable instrument within the meaning of Section 6 of the Negotiable Instruments Act, and whether the holder in due course can recover from the drawer after dishonour.

Analysis: A cheque is a bill of exchange drawn in a special manner and remains negotiable as a bill of exchange. The mere postponement of the date of payment does not make it payable otherwise than on demand; it is payable on demand after the due date. The plaintiff, as holder in due course without notice of any defect, was entitled to payment from the drawer. As the defendant stopped payment of the cheque, notice of dishonour was unnecessary.

Conclusion: A post-dated cheque is a valid negotiable instrument, and the drawer remained liable to pay the amount to the holder in due course. The appeal succeeded.

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