Negotiable Instruments Act, 1881
Section 82, NI Act: Discharge from liability
Section 82 of the Negotiable Instruments Act, 1881, in the Act's own words.
The section
82. Discharge from liability.
The maker, acceptor or indorser respectively of a negotiable instrument is discharged from liability thereon-- (a) by cancellation.-- to a holder thereof who cancels such acceptor's or indorser's name with intent to discharge him, and to all parties claiming under such holder; (b) by release.-- to a holder thereof who otherwise discharges such maker, acceptor or indorser, and to all parties deriving title under such holder after notice of such discharge; (c) by payment.-- to all parties thereto, if the instrument is payable to bearer, or has been indorsed in blank, and such maker, acceptor or indorser makes payment in due course of the amount due thereon.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 82 (read 1 September 2026)