https://www.taxtmi.com/acts?id=7666 If a cheque is not presented within a reasonable time and the drawer, who had the right to have it paid when presentment should have occurred, suffers actual damage through the delay, the drawer is discharged to the extent of that damage; reasonable time is judged by instrument nature, trade and bankers' usage, and facts. The holder, to the extent of such discharge, becomes a creditor of the banker and may recover that amount. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 19 Jan 2008 22:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7666 If a cheque is not presented within a reasonable time and the drawer, who had the right to have it paid when presentment should have occurred, suffers actual damage through the delay, the drawer is discharged to the extent of that damage; reasonable time is judged by instrument nature, trade and bankers' usage, and facts. The holder, to the extent of such discharge, becomes a creditor of the banker and may recover that amount. Act-Rules Indian Laws Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7666