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Section 85A of Negotiable Instruments Act, 1881
Section 85A of Negotiable Instruments Act, 1881 deals with Drafts drawn by one branch of a bank on another payable to order.
From the Act
Where any draft, that is, an order to pay money, drawn by one office of a bank upon another office of the same bank for a sum of money payable to order on demand, purports to be endorsed by or on behalf of the payee, the bank is discharged by payment in due course.
Related Cases / Recent Cases / Case Law
- Central Bank of India Ltd., Bombay v V Gopinathan Nair and Others, Kerala High Court judgement dated October 23, 1968
Other Sections from the Act
- Section 1: Short title
- Section 3: Interpretation