Dishonour by non-payment
Full Text
Dishonour by non-payment.—A promissory note, bill of exchange or cheque is said to be dishonoured by non-payment when the maker of the note, acceptor of the bill or drawee of the cheque makes default in payment upon being duly required to pay the same.
Plain English Summary
Defines dishonour by non-payment as the failure of the maker, acceptor, or drawee to make payment upon due presentment.
Key Legal Elements
- Applies to promissory notes, bills of exchange, and cheques
- Default in payment by maker, acceptor, or drawee
- Default occurs upon being duly required/demanded to pay
Practical Note
Foundational civil definition of dishonour across all negotiable instruments. In cheque bounce litigation, Section 92 works in tandem with Section 138: dishonour by the drawee bank (evidenced by the bank return memo under Section 146) gives rise to the cause of action to issue the statutory demand notice.
हिंदी पाठ
असंदाय द्वारा अनादर।—वचन-पत्र, विनिमय-पत्र या चेक का असंदाय द्वारा अनादर हुआ तब कहा जाता है जब वचन-पत्र का रचयिता, विनिमय-पत्र का प्रतिग्रहीता या चेक का प्रतिग्रहीता बैंक उसका संदाय करने की सम्यक् अपेक्षा किए जाने पर संदाय करने में चूक करता है।