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Dishonour & Discharge of Negotiable Instruments

Sumaiya Khan, a student at Jamia Millia Islamia, is submitting a project on the dishonour and discharge of negotiable instruments to her professor Mr. Sukesh Mishra. The project discusses negotiable instruments like promissory notes, bills of exchange, and cheques that get dishonored when the maker, acceptor, or drawee defaults on their payment obligation. It also covers the types of dishonour, notice requirements, and ways negotiable instruments can be discharged under the Negotiable Instruments Act of 1881. The assignment analyzes dishonour and discharge of negotiable instruments in India.

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59 views2 pages

Dishonour & Discharge of Negotiable Instruments

Sumaiya Khan, a student at Jamia Millia Islamia, is submitting a project on the dishonour and discharge of negotiable instruments to her professor Mr. Sukesh Mishra. The project discusses negotiable instruments like promissory notes, bills of exchange, and cheques that get dishonored when the maker, acceptor, or drawee defaults on their payment obligation. It also covers the types of dishonour, notice requirements, and ways negotiable instruments can be discharged under the Negotiable Instruments Act of 1881. The assignment analyzes dishonour and discharge of negotiable instruments in India.

Uploaded by

renu tomar
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
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FACULTY OF LAW

JAMIA MILLIA ISLAMIA


NEW DELHI

PROJECT TITLE

DISHONOUR AND DISCHARGE OF NEGOTIABLE INSTRUMENTS

SUBJECT

INSURANCE, BANKING & NEGOTIABLE INSTRUMENT

Submitted By:
SUMAIYA KHAN
B.A. L.L.B(H) [X SEM]
SECTION A
CLASS ROLL NO. 32

Submitted To:
MR. SUKESH MISHRA
ASSISTANT PROFESSOR
FACULTY OF LAW
JAMIA MILLIA ISLAMIA
SYNOPSIS
A promissory note, bill of exchange or cheque gets dishonoured when the person who is the maker of the
note or the acceptor of the bill or the drawee of the cheque makes a default by not paying off liability which
lies upon such a person. Such a person has a liability or duty to discharge himself of the liability by making
payment as stipulated by the instrument. Failure to do so amounts to dishonour of such instrument. Chapter
VII & VIII of Negotiable Instruments Act, 1881 deals with discharge and dishonour of negotiable
instruments.

The assignment discusses kinds of dishonour, notice of dishonour and modes of discharge of Negotiable
Instruments.

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