Negotiable Instruments Act, 1881
Section 56, NI Act: Indorsement for part of sum due
Section 56 of the Negotiable Instruments Act, 1881, in the Act's own words.
The section
56. Indorsement for part of sum due.
No writing on a negotiable instrument is valid for the purpose of negotiation if such writing purports to transfer only a part of the amount appearing to be due on the instrument; but where such amount has been partly paid, a note to that effect may be indorsed on the instrument, which may then be negotiated for the balance.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 56 (read 1 September 2026)