Central Act

31

Section 31. Liability of drawee of cheque.

The Negotiable Instruments Act, 1881

In forceAll India (Central Act)

31. Liability of drawee of cheque. The drawee of a cheque having sufficient funds of the drawer in his hands properly applicable to the payment of such cheque must pay the cheque when duly required so to do, and , in default of such payment, must compensate the drawer for any loss or damage caused by such default.