धारा 28

Section 28 of the Negotiable Instruments Act, 1881 states that 'a bill of exchange may be discharged by renunciation. The renunciation may be made by the holder of the bill, and it must be made in writing. The renunciation must be signed by the holder, and it must be delivered to the drawer or the drawee. The renunciation may be made by a letter or by a note, and it must be delivered to the drawer or the drawee. The renunciation is effective from the date of delivery, and it discharges the drawer and the drawee from liability.