LawgistThe Negotiable Instruments Act
128Payment in due course of crossed cheque
Where the banker on whom a crossed cheque is drawn has paid the same in due course, the banker paying the cheque, and (in case such cheque has come to the hands of the payee) the drawer thereof, shall respectively be entitled to the same rights, and be placed in the same position in all respects, as they would respectively be entitled to and placed in if the amount of the cheque had been paid to and received by the true owner thereof.
Download our fully-offline, High speed android app.- Click here
OF CROSSED CHEQUE
- 123 Cheque crossed generally
- 124 Cheque crossed specially
- 125 Crossing after issue
- 126 Payment of cheque crossed generally
- 127 Payment of cheque crossed specially more than once
- 128 Payment in due course of crossed cheque
- 129 Payment of crossed cheque out of due course
- 130 Cheque bearing ''not negotiable''
- 131 Non-liability of banker receiving payment of cheque
- 131A Application of Chapter to drafts
