Negotiable Instruments Act, 1881
Section 42, NI Act: Acceptance of bill drawn in fictitious name
Section 42 of the Negotiable Instruments Act, 1881, in the Act's own words.
The section
42. Acceptance of bill drawn in fictitious name.
An acceptor of a bill of exchange drawn in a fictitious name and payable to the drawer's order is not, by reason that such name is fictitious, relieved from liability to any holder in due course claiming under an indorsement by the same hand as the drawer's signature, and purporting to be made by the drawer.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
- India Code: Negotiable Instruments Act, 1881, section 42 (read 1 September 2026)