Negotiable Instruments Act, 1881
Section 78, NI Act: To whom payment should be made
Section 78 of the Negotiable Instruments Act, 1881, in the Act's own words.
The section
78. To whom payment should be made.
Subject to the provisions of section 82, clause (c), payment of the amount due on a promissory note, bill of exchange or cheque must, in order to discharge the maker or acceptor, be made to the holder of 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
- India Code: Negotiable Instruments Act, 1881, section 78 (read 1 September 2026)