By and to whom notice should be given
Full Text
By and to whom notice should be given.—When a promissory note, bill of exchange or cheque is dishonoured by non-acceptance or non-payment, the holder thereof, or some party thereto who remains liable thereon, must give notice that the instrument has been so dishonoured to all other parties whom the holder seeks to make severally liable thereon, and to some one of several parties whom he seeks to make jointly liable thereon.
Nothing in this section renders it necessary to give notice to the maker of the dishonoured promissory note or the drawee or acceptor of the dishonoured bill of exchange or cheque.
Plain English Summary
Requires the holder or liable party to give notice of dishonour to prior parties to preserve their liability, excluding primary obligors like the maker or acceptor.
Key Legal Elements
- Notice must be given upon dishonour by non-acceptance or non-payment
- Given by the holder or a party who remains liable
- Given to all parties sought to be held severally liable, or one of joint obligors
- Notice is not required to be given to the maker of a note or acceptor/drawee of a bill or cheque
Practical Note
Failure to give notice of dishonour under Section 93 discharges all prior indorsers and parties entitled to notice (unless excused under Section 98). Note the contrast: for cheque bounce prosecutions under Section 138, statutory notice MUST be served on the drawer, whereas under Section 93 civil liability of the primary maker/drawee does not require notice.
हिंदी पाठ
सूचना किसके द्वारा और किसे दी जानी चाहिए।—जब कोई वचन-पत्र, विनिमय-पत्र या चेक अप्रतिग्रहण अथवा असंदाय द्वारा अनादृत हो जाता है, तब उसके धारक को, या उस पर दायी बने रहने वाले किसी पक्षकार को, इस बात की सूचना कि लिखत इस प्रकार अनादृत हो गई है, उन सभी अन्य पक्षकारों को देनी होगी जिन्हें धारक पृथक्तः दायी ठहराना चाहता है, तथा उन कई पक्षकारों में से किसी एक को देनी होगी जिन्हें वह संयुक्ततः दायी ठहराना चाहता है।
इस धारा की कोई भी बात अनादृत वचन-पत्र के रचयिता, या अनादृत विनिमय-पत्र अथवा चेक के प्रतिग्रहीता या द्रावी को सूचना देना आवश्यक नहीं बनाती है।