Negotiable Instruments Act, 1881
← Negotiable Instruments Act, 1881
XIV — OF CROSSED CHEQUES · Section 129

Payment of crossed cheque out of due course

Synced on 04 Jul 2026Text as per India Code

Any banker paying a cheque crossed generally otherwise than to a banker, or a cheque crossed specially otherwise than to the banker to whom the same is crossed, or his agent for collection, being a banker, shall be liable to the true owner of the cheque for any loss he may sustain owing to the cheque having been so paid.

Judgments on Section 129