https://www.taxtmi.com/acts?id=7676 When a promissory note, bill of exchange or cheque is dishonoured by non-acceptance or non-payment, the holder or some party thereto who remains liable must give notice that the instrument has been dishonoured to all other parties whom the holder seeks to make severally liable, and to one of several parties whom he seeks to make jointly liable. Nothing in this provision renders it necessary to give notice to the maker of the dishonoured promissory note, or the drawee or acceptor of the dishonoured bill of exchange or cheque. 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=7676 When a promissory note, bill of exchange or cheque is dishonoured by non-acceptance or non-payment, the holder or some party thereto who remains liable must give notice that the instrument has been dishonoured to all other parties whom the holder seeks to make severally liable, and to one of several parties whom he seeks to make jointly liable. Nothing in this provision renders it necessary to give notice to the maker of the dishonoured promissory note, or the drawee or acceptor of the dishonoured bill of exchange or cheque. Act-Rules Indian Laws Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7676