Bare ActsThe Negotiable Instruments Act, 1881

Section 31

Liability of drawee of cheque.

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

The drawee of a cheque having sufficient funds of the drawer in his hands properly applicable to the payment of such cheque must pay the cheque when duly required so to do, and , in default of such payment, must compensate the drawer for any loss or damage caused by such default.

Amended up to 2019-11-02View on India Code →
Section 31 – The Negotiable Instruments Act, 1881 | DailyLaw.ai