NI Act Section 90: Extinguishment of rights of action on bill in acceptor's hands
Negotiable Instruments Act, 1881 · Chapter 7: Of discharge from liability on notes, bills and cheques
Also available in: हिंदी
¶If a bill of exchange which has been negotiated is, at or after maturity, held by the acceptor in his own right, all rights of action thereon are extinguished.
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 The historical schedule and section 2 are repealed.Read the original schedule and amendment notes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
- 82. Discharge from liability
- 83. Discharge by allowing drawee more than forty-eight hours to accept
- 84. When cheque not duly presented and drawer damaged thereby
- 85. Cheque payable to order
- 85A. Drafts drawn by one branch of a bank on another payable to order
- 86. Parties not consenting discharged by qualified or limited acceptance
- 87. Effect of material alteration
- 88. Acceptor or indorser bound notwithstanding previous alteration
- 89. Payment of instrument on which alteration is not apparent