https://www.taxtmi.com/caselaws?id=273025 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. en-us Wed, 06 Dec 1933 00:00:00 +0530 Thu, 31 May 2018 17:06:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273025 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. Case-Laws Indian Laws Wed, 06 Dec 1933 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273025