NI Act · XI — OF ACCEPTANCE AND PAYMENT FOR HONOUR AND REFERENCE IN CASE OF NEED

Section 115. Drawee in case of need

In force · As amended up to 2026-08

115. Drawee in case of need.— Where a drawee in case of need is named in a bill of exchange, or in any indorsement thereon, the bill is not dishonoured until it has been dishonoured by such drawee.

Source: India Code