NI Act Section 114: Right of payer for honour
Negotiable Instruments Act, 1881 · Chapter 11: Of acceptance and payment for honour and reference in case of need
Also available in: हिंदी
¶Any person so paying is entitled to all the rights in respect of the bill, of the holder at the time of such payment, and may recover from the party for whose honour he pays all sums so paid, with interest thereon and with all expenses properly incurred in making such payment.
Official reference: India Code, Government of India — official section HTML — source review: 5 October 2026.Recorded edition / snapshot date: 2026-10-05.Banaka reference transcription of the official HTML snapshot; not an official or certified edition. Source wording and amendment brackets are retained; layout and footnote callouts are omitted. The recorded date is the review snapshot, not a separately dated consolidation. Hindi guides are original explanations. Read the source amendment notes and current judicial interpretation alongside the text. The historical schedule and section 2 are repealed.Read the original schedule and amendment notes
This text is for reference, not legal advice. Consult the official source for the authoritative text.
Other sections in this chapter
- 108. Acceptance for honour
- 109. How acceptance for honour must be made
- 110. Acceptance not specifying for whose honour it is made
- 111. Liability of acceptor for honour
- 112. When acceptor for honour may be charged
- 113. Payment for honour
- 115. Drawee in case of need
- 116. Acceptance and payment without protest