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Negotiable Instruments Act, 1881

Section 90, NI Act: Extinguishment of rights of action on bill in acceptor's hands

Pundora · Published 3 October 2026

Section 90 of the Negotiable Instruments Act, 1881, in the Act's own words.

The section

90. Extinguishment of rights of action on bill in acceptor's hands.

If a bill of exchange which has been negotiated is, at or after maturity, held by the acceptor in his own right, all rights of action thereon are extinguished.

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

  1. India Code: Negotiable Instruments Act, 1881, section 90 (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.