Negotiable Instruments Act : Payment in due course of corssed cheque. Indian Bare Acts :

Negotiable Instruments Act,1881

Act No : 26

Section : Payment in due course of corssed cheque.

128.Payment in due course of corssed cheque.Where the banker on whom a crossed cheque is drawn- has paid the same in due course, the banker paying the cheque, and in case such cheque has come to the hands of the payee) the drawer thereof, shall respectively be entitled to the same rights, and be placed in the same position in all respects, as they would respectively be entitled to and placed in if the amount of the cheque bad been paid to and received by the true owner thereof.