Law - Negotiable Instruments Act, 1881
 
 

 

85A. Drafts drawn by one branch of a bank on another payable to order
1[85A. Drafts drawn by one branch of a bank on another payable to order

Where any draft, that is an order to pay money, drawn by one office of a bank upon another office of the same bank for a sum of money payable to order on demand, purports to be endorsed by or behalf of the payee, the bank is discharged by payment in due course.]

1. Inserted by Act 25 of 1930, sec. 2.

 

Negotiable Instruments Act Index | Laws India


Web www.vakilno1.com
Dishonour of Cheques Judgements CD on Negotiable Instruments Act, Section 138 - Cheque Bouncing, Cheque Dishonour - Decisions of Supreme Court of India and All High Courts - Fully Updated Click here for details
Copyright© Vakilno1.com 2000 All rights reserved