Section 37 of the Negotiable Instruments Act, 1881, pertains to the provisions related to certain crossed cheques. A crossed cheque is one that bears across its face an addition of two parallel transverse lines, either with or without the words 'and company' or any abbreviation thereof, between them. This crossing restricts the payment of the cheque, making it payable only through a bank. The section aims to provide clarity on the legal implications of crossing a cheque and how it affects the payment process. Judicial interpretations have highlighted the importance of understanding the effect of crossing on the negotiability and payment of cheques, emphasizing that a crossed cheque must be presented through a bank unless the crossing is cancelled by the drawer.
परक्राम्य लिखत अधिनियम, 1881 (NI Act)
धारा 37
Provision as to certain crossed cheques
Englishहिंदी
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Statutory Content of Section 37
Indian StandardSection 37, Negotiable Instruments Act, 1881
Bluebook (21st ed.)Negotiable Instruments Act, 1881, § 37 (India)
Court Pleading StandardSection 37 of the Negotiable Instruments Act, 1881
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ऐतिहासिक अदालती निर्णय
धारा 37 से संबंधित महत्वपूर्ण फैसले
1978 1 SCC 248
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