https://www.taxtmi.com/caselaws?id=301859 A Shah Jog Hundi is not a bill of exchange under the Negotiable Instruments Act because it lacks an unconditional order to pay to a specified person or bearer. For the Stamp Act, however, the definition of bill of exchange is broader and includes a hundi; an instrument fixing payment at a stated period can fall within the extended meaning of a bill of exchange payable on demand under Section 2(3)(b). The interpretative rule that the singular includes the plural supported this reading. Earlier contrary reasoning was said to be incorrect to the extent it overlooked the Stamp Act's expanded definition. en-us Tue, 29 Jul 1969 00:00:00 +0530 Sat, 23 Apr 2022 11:10:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301859 A Shah Jog Hundi is not a bill of exchange under the Negotiable Instruments Act because it lacks an unconditional order to pay to a specified person or bearer. For the Stamp Act, however, the definition of bill of exchange is broader and includes a hundi; an instrument fixing payment at a stated period can fall within the extended meaning of a bill of exchange payable on demand under Section 2(3)(b). The interpretative rule that the singular includes the plural supported this reading. Earlier contrary reasoning was said to be incorrect to the extent it overlooked the Stamp Act's expanded definition. Case-Laws Indian Laws Tue, 29 Jul 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301859