Inland instrument
Full Text
Inland instrument.—A promissory note, bill of exchange or cheque drawn or made in India and made payable in, or drawn upon any person resident in, India shall be deemed to be an inland instrument.
Plain English Summary
Defines an inland instrument as any promissory note, bill, or cheque drawn or made in India and payable in India or drawn on an Indian resident.
Key Legal Elements
- Must be drawn or made in India
- Must be payable in India OR drawn upon a person resident in India
Practical Note
Crucial for determining jurisdiction and applicability of Indian law. If an instrument is not inland, it is considered a foreign instrument under Section 12, which can have different rules of protest and dishonour.
हिंदी पाठ
अंतर्देशीय लिखत।—भारत में लिखा या बनाया गया कोई वचन-पत्र, विनिमय-पत्र या चेक, जो भारत में देय हो, या भारत में रहने वाले किसी व्यक्ति पर लिखा गया हो, अंतर्देशीय लिखत माना जाएगा।