FACULTY OF LAW

JAMIA MILLIA ISLAMIA

NEW DELHI

PROJECT TITLE

DISHONOUR AND DISCHARGE OF NEGOTIABLE INSTRUMENTS

SUBJECT

INSURANCE, BANKING & NEGOTIABLE INSTRUMENT

Submitted By:
SUMAIYA KHAN
B.A. L.L.B(H) [X SEM]
SECTION A
CLASS ROLL NO. 32

Submitted To:
MR. SUKESH MISHRA
ASSISTANT PROFESSOR
FACULTY OF LAW
JAMIA MILLIA ISLAMIA
 SYNOPSIS
A promissory note, bill of exchange or cheque gets dishonoured when the person who is the maker of the
note or the acceptor of the bill or the drawee of the cheque makes a default by not paying off liability which
lies upon such a person. Such a person has a liability or duty to discharge himself of the liability by making
payment as stipulated by the instrument. Failure to do so amounts to dishonour of such instrument. Chapter
VII & VIII of Negotiable Instruments Act, 1881 deals with discharge and dishonour of negotiable
instruments.

The assignment discusses kinds of dishonour, notice of dishonour and modes of discharge of Negotiable
Instruments.