Section 92 - Dishonour by non-payment
Section 93 - By and to whom notice should be given : Negotiable Instruments Act 1881
What is Dishonour by non-payment? By and to whom notice should be
given? Dishonour by non-payment and By and to whom notice should be
given are defined under Section
92 and 93 of Negotiable
Instruments Act 1881
Section 92 of Negotiable Instruments Act 1881: "Dishonour by
A promissory note, bill of exchange or cheque is
said to be dishonoured by non-payment when the maker
of the note, acceptor of the bill or drawee of the
cheque makes default in payment upon being duly
required to pay the same.
Section 93 of Negotiable Instruments Act 1881:
"By and to whom notice should be given"
When a promissory note, bill of exchange or cheque is
dishonoured by non- acceptance or non-payment, the holder
thereof, or some party thereto, who remains liable thereon, must
give notice that the instrument has been so dishonoured to all
other parties whom the holder seeks to make severally liable
thereon, and to some one of several parties whom he seeks to
make jointly liable thereon.
Nothing in this section renders it necessary to give notice
to the maker of the dishonoured promissory note or the drawee or
acceptor of the dishonoured bill of exchange or cheque.