NIA 75A — Excuse for delay in presentment for acceptance or payment

Negotiable Instruments Act, 1881

Statutory text

[75A.  Excuse  for  delay  in  presentment  for  acceptance  or  payment—Delay in presentment

[for
acceptance  or  payment]  is  excused  if  the  delay  is  caused  by  circumstances  beyond  the  control  of  the holder,  and  not  imputable  to  his  default,  misconduct  or  negligence.  When  the  cause  of  delay  ceases  to operate, presentment must be made within a reasonable time.]

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