Negotiable Instruments Act, 1881 · Chapter VII: Of Discharge From Liability on Notes, Bills and Cheques
Section 90: Extinguishment of rights of action on bill in acceptor's hands
In plain words
If a negotiated bill is held by the acceptor in their own right at or after maturity, all rights of action on it end.
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
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.
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 90
No Supreme Court judgment in our database cites this section yet.