BSA Section 123: Estoppel of acceptor of bill of exchange, bailee or licensee
Bharatiya Sakshya Adhiniyam, 2023 · Chapter 8: Estoppel
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¶123. No acceptor of a bill of exchange shall be permitted to deny that the drawer had authority to draw such bill or to endorse it; nor shall any bailee or licensee be permitted to deny that his bailor or licensor had, at the time when the bailment or licence commenced, authority to make such bailment or grant such licence.
¶Explanation 1.\u2014The acceptor of a bill of exchange may deny that the bill was really drawn by the person by whom it purports to have been drawn.
¶Explanation 2.\u2014If a bailee delivers the goods bailed to a person other than the bailor, he may prove that such person had a right to them as against the bailor.
Study: explanations and related material
Replaces IEA 117. IEA → BSA converterSource: BPR&D BSA–IEA corresponding section table (UP Police, 2024-07-03)
Official reference: Ministry of Home Affairs: Gazette text, 25 December 2023 — source link checked: 2 October 2026.Recorded edition / snapshot date: 2024-07-01.Mobile-app reference import; the recorded snapshot date is not a fresh legal-currency guarantee. The linked government text is an independent authoritative reference, not certification that this website reproduces the same edition. The source link was checked, not every provision or subsequent amendment. Check commencement notifications, savings and jurisdiction-specific variations separately.
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