Bare ActsThe Negotiable Instruments Act, 1881

Section 114

Right of payer for honour.

Amendment status not verified — confirm the current text below against the official source.

Any person so paying is entitled to all the rights in respect of the bill, of the holder at the time of such payment, and may recover from the party for whose honour he pays all sums so paid, with interest thereon and with all expenses properly incurred in making such payment.

Amended up to 2019-11-02View on India Code →
Section 114 – The Negotiable Instruments Act, 1881 | DailyLaw.ai