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Negotiable Instruments Act, 1881

Section 120, NI Act: Estoppel against denying original validity of instrument

Pundora · Published 3 October 2026

Section 120 of the Negotiable Instruments Act, 1881, in the Act's own words.

The section

120. Estoppel against denying original validity of instrument.

No maker of a promissory note, and no drawer of a bill of exchange or cheque, and no acceptor of a bill of exchange for the honour of the drawer shall, in a suit thereon by a holder in due course, be permitted to deny the validity of the instrument as originally made or drawn.

The text is India Code's consolidated text as loaded into Pundora's statute corpus on 1 September 2026. A section quoted in a draft checked by Pundora is checked against this text.

Sources

  1. India Code: Negotiable Instruments Act, 1881, section 120 (read 1 September 2026)

The Act's own words, from India Code. If the text here differs from the Gazette, the Gazette governs; write to contact@pundora.in and it will be corrected and dated.