Bare ActsThe Negotiable Instruments Act, 1881

Section 81

Delivery of instrument on payment or indemnity in case of loss.

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

1 [(1)] Any person liable to pay, and called upon by the holder thereof to pay, the amount due on a promissory note, bill of exchange or cheque is before payment entitled to have it shown, and is on payment entitled to have it delivered up, to him, or if the instrument is lost or cannot be produced, to be indemnified against any further claim thereon against him. 2 [(2) Where the cheque is an electronic image of a truncated cheque, even after the payment the banker who received the payment shall be entitled to retain the truncated cheque. (3) A certificate issued on the foot of the printout of the electronic image of a truncated cheque by the banker who paid the instrument, shall be prima facie proof of such payment.]

Amended up to 2019-11-02View on India Code →
Section 81 – The Negotiable Instruments Act, 1881 | DailyLaw.ai