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Negotiable Instruments Act, 1881

Section 36, NI Act: Liability of prior parties to holder in due course

Pundora · Published 3 October 2026

Section 36 of the Negotiable Instruments Act, 1881, in the Act's own words.

The section

36. Liability of prior parties to holder in due course.

Every prior party to a negotiable instrument is liable thereon to a holder in due course until the instrument is duly satisfied.

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 36 (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.