Section 77
Liability of banker for negligently dealing with bill presented for payment
Chapter 5: Of presentment
When a bill of exchange, accepted payable at a specified bank, has been duly presented there for payment and dishonoured, if the banker so negligently or improperly keeps, deals with or delivers back such bill as to cause loss to the holder, he must compensate the holder for such loss.
The Negotiable Instruments Act, 1881 (Act No. 26 of 1881). From the updated text on India Code, with later amendments. Being checked against the official copy; amendment notes are not shown yet.
Related sections
- 72Presentment of cheque to charge drawer
- 73Presentment of cheque to charge any other person
- 74Presentment of instrument payable on demand
- 75Presentment by or to agent, representative of deceased, or assignee of insolvent
- 75AExcuse for delay in presentment for acceptance or payment
- 76When presentment unnecessary