Law · Negotiable Instruments Act, 1881
In the context of the Negotiable Instruments Act 1881, which specific legal recourse is available to the holder of a bill of exchange when the drawee refuses to accept the instrument upon presentation, or having accepted it, fails to make payment on the date of maturity, thereby necessitating the involvement of a Notary Public to record the fact of dishonor?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Filing a criminal complaint under Section 138
- 2Invoking the SARFAESI Act for immediate recovery
- 3Noting and Protesting✓
- 4Requesting a summary suit under Order 37 of the CPC
Correct answer
Noting and Protesting
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