Mera Samvidhaan All of Negotiable Instruments Act, 1881

Chapter XIV · Of Crossed Cheques

129Payment of crossed cheque out of due course.

Section 129 · Chapter XIV · page 26 of the Act

Any banker paying a cheque crossed generally otherwise than to a banker, or a cheque crossed specially otherwise than to the banker to whom the same is crossed, or his agent for collection, being a banker, shall be liable to the true owner of the cheque for any loss he may sustain owing to the cheque having been so paid.

Section 129 of The Negotiable Instruments Act, 1881 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.