ISO 9001:2015

THE NEGOTIABLE INSTRUMENTS ACT, 1881: CRITICAL AND ANALYTICAL ANALYSIS

Kuldeep Kumar & Prof. (Dr.) Rashmi Khurana Nagpal

The Negotiable Instruments Act, 1881 provides for three kinds of instruments, namely, promissory notes, bills-of-exchange and cheques; it excludes from its periphery instruments in oriental language, such as, Hundies. Section 25(5) of the Payment & Settlement Systems Act, 2007 provides that, the provisions of Chapter XVII of the Negotiable Instruments Act, 1881 shall apply to cases relating to dishonour of electronic funds transfer.

____________________________________________________________________________________

Keywords: Promissory Notes, Payment & Settlement System, FTCs, Pendency.


DOI:

Article DOI:

DOI URL:


Download Full Paper:

Download