Negotiable Instruments Act, 1881
← Negotiable Instruments Act, 1881
XIII — SPECIAL RULES OF EVIDENCE · Section 121

Estoppel against denying capacity of payee to indorse

Synced on 04 Jul 2026Text as per India Code

No maker of a promissory note and no acceptor of a bill of exchange 2[payable to order] shall, in a suit thereon by a holder in due course, be permitted to deny the payee's capacity, at the date of the note or bill, to indorse the same.

Judgments on Section 121