Negotiable Instruments Act, 1881 · Chapter X: O F R E A S O N A B L E T I M E
Section 107: Reasonable time for transmitting such notice
In plain words
A party passing on notice of dishonour to an earlier party does so in reasonable time if they pass it on within the same time after receiving it as they would have had as holder.
A simplified explanation, prepared with AI assistance from the official text below and checked automatically against it for numbers and cross-references. The official text is the law and prevails over this summary. Not legal advice.
Official text
A party receiving notice of dishonour, who seeks to enforce his right against a prior party, transmits the notice within a reasonable time if he transmits it within the same time after its receipt as he would have had to give notice if he had been the holder.
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 107
No Supreme Court judgment in our database cites this section yet.