The law › NI Act

Negotiable Instruments Act, 1881

Section 122, NI Act: Estoppel against denying signature or capacity of prior party

Pundora · Published 3 October 2026

Section 122 of the Negotiable Instruments Act, 1881, in the Act's own words.

The section

122. Estoppel against denying signature or capacity of prior party.

No indorser of a negotiable instrument shall, in a suit thereon by a subsequent holder, be permitted to deny the signature or capacity to contract of any prior party to the instrument.

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 122 (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.