Criminal Law - The Negotiable Instruments Act, 1881 - Section 116

The Negotiable Instruments Act, 1881
Section 98-145

Section 98

When notice of dishonor is unnecessary

Section 99

Noting

Section 100

Protest

Section 101

Contents of protest

Section 102

Notice of protest

Section 103

Protest of non-payment after dishonor by non-acceptance

Section 104

Protest of foreign bills

Section 104-A

When noting equivalent to protest

Section 105

Reasonable time

Section 106

Reasonable time of giving notice of dishonor

Section 107

Reasonable time for transmitting such notice

Section 108

Acceptance for honour

Section 109

How acceptance for honour must be made

Section 110

Acceptance not specifying for whose honor it is made

Section 111

Liability of acceptor for honor

Section 112

When acceptor for honor may be charged

Section 113

Payment for honour

Section 114

Right of payer for honor

Section 115

Drawee in case of need

Section 116

Acceptance and payment without protest

Section 117

Rules as to compensation

Section 118

Presumptions as to negotiable instruments of consideration

Section 119

Presumption on proof of protest

Section 120

Estoppels against denying original validity of instrument

Section 121

Estoppel against denying capacity of payee to endorse

Section 122

Estoppels against denying signature or capacity of prior party

Section 123

Cheque crossed generally

Section 124

Cheque crossed specially

Section 125

Crossing after issue

Section 126

Payment of cheque crossed generally

Section 127

Payment of cheque crossed specially more than once

Section 128

Payment in due course of crossed cheque

Section 129

Payment of cheque crossed specially more than once

Section 130

Cheque bearing "not negotiable"

Section 131

Non-liability of banker receiving payment of cheque

Section 131-A

Application of chapter to drafts

Section 132

Set of bills

Section 133

Holder of first acquired part entitled to all

Section 134

Law governing liability of maker, acceptor or endorser of foreign instrument

Section 135

Law of place of payment governs dishonours

Section 136

Instrument made, etc. out of India, but in accordance with the law of India

Section 137

Presumption as to foreign law

Section 138

Dishonour of cheque for insufficiency, etc., of funds in the accounts

Section 139

Presumption in favour of holder

Section 140

Defence which may not be allowed in any prosecution under section 138

Section 141

Offences by companies.

Section 142

Cognizance of offences

Section 143

Power of Court to try cases summarily.

Section 144

Mode of service of summons

Section 145

Evidence on affidavit

Section 116- Acceptance and payment without protest

A drawee in case of need may accept and pay the bill of exchange without previous protest.

The Negotiable Instruments Act, 1881

Section(s)

Judgement(s) Found in :
The Negotiable Instruments Act, 1881
Section 116

ILC-2012-SC-CRL-Feb-4

Lee Kun Hee Vs. State of U.P.