NIA 77 — Liability of banker for negligently dealing with bill presented for payment

Negotiable Instruments Act, 1881

Statutory text

When a bill of
exchange,  accepted  payable  at  a  specified  bank,  has  been  duly  presented  there  for  payment  and
dishonoured, if the banker so negligently or improperly keeps, deals with or delivers back such bill as to cause loss to the holder, he must compensate the holder for such loss.

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