NI Act · X — OF R E A S O N A B L E T I M E

Section 107. Reasonable time for transmitting such notice

In force · As amended up to 2026-08

107. Reasonable time for transmitting such notice.— A party receiving notice of dishonour, who seeks to enforce his right against a prior party, transmits the notice within a reasonable time if he 1. Ins. by Act 2 of 1885, s. 5. 2. Ins. by s. 6, ibid . transmits it within the same time after its receipt as he would have had to give notice if he had been the holder.

Source: India Code