Negotiable Instruments Act, 1881

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Section 25

When day of maturity is a holiday

Chapter 2: Of notes, bills and cheques

When the day on which a promissory note or bill of exchange is at maturity is a public holiday, the instrument shall be deemed to be due on the next preceding, business day.

Explanation.— The expression “public holiday” includes Sundays: * * * and any other day declared by the [Central Government], by notification in the Official Gazette, to be a public holiday.

The Negotiable Instruments Act, 1881 (Act No. 26 of 1881). From the updated text on India Code, with later amendments. Being checked against the official copy; amendment notes are not shown yet.

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