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SINGHESHWAR MANDAL
V.
PETITIONER
SINGHESHWAR MANDAL
Vs.
DEFENDANT
RATIONALE
Although the handnote in question is not indorsed in favour of the plaintiff nor does the recital in any
way indicate the intention of the creditor for the payment of the ultimate dues by the debtor to the
plaintiff. The term "Holder" has been defined in Section 8 of the Negotiable Instruments Act,
according to which the holder of a promissory note, inter alia, means a person entitled in his own
name to the possession thereof and to receive or recover the amount due thereon from the parties
thereto. Admittedly, therefore, the plaintiff does not answer any of the descriptions mentioned above
and the defendant was not bound to make the payment to her of the dues in question and as such the
plaintiff has no right to institute the suit.