Negotiable Instruments Act : Extinguishment of rights of action on bill in acceptor's hands. Indian

Negotiable Instruments Act,1881

Act No : 26

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

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.

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1974 AIR Mad 30..
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Payment of price is not necessary for complet..

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