https://www.taxtmi.com/acts?id=7701 Section 117 sets out compensation for dishonour: the holder may recover the amount due and expenses of presenting, noting and protesting, and may claim exchange where the charged person resides elsewhere. An indorser who pays may recover the sum paid with interest from payment until tender or realization plus expenses, and may claim exchange if residing in a different place. The party entitled may draw a sight or demand bill for the amount and expenses, accompanied by the dishonoured instrument and protest; if that bill is dishonoured, compensation is recoverable as for the original instrument. 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=7701 Section 117 sets out compensation for dishonour: the holder may recover the amount due and expenses of presenting, noting and protesting, and may claim exchange where the charged person resides elsewhere. An indorser who pays may recover the sum paid with interest from payment until tender or realization plus expenses, and may claim exchange if residing in a different place. The party entitled may draw a sight or demand bill for the amount and expenses, accompanied by the dishonoured instrument and protest; if that bill is dishonoured, compensation is recoverable as for the original instrument. Act-Rules Indian Laws Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7701