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Negotiable Instruments Act, 1881

Section 83, NI Act: Discharge by allowing drawee more than forty-eight hours to accept

Pundora · Published 3 October 2026

Section 83 of the Negotiable Instruments Act, 1881, in the Act's own words.

The section

83. Discharge by allowing drawee more than forty-eight hours to accept.

If the holder of a bill of exchange allows the drawee more than 1[forty-eight] hours, exclusive of public holidays, to consider whether he will accept the same, all previous parties not consenting to such allowance are thereby discharge from liability to such holder.

The text is India Code's consolidated text as loaded into Pundora's statute corpus on 1 September 2026; a number before a square bracket is India Code's own footnote marker for an amendment. A section quoted in a draft checked by Pundora is checked against this text.

Sources

  1. India Code: Negotiable Instruments Act, 1881, section 83 (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.