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Author: Vanshita Vijh
Vanshita Vijh
Student, Department of Law, PIMR, Indore
The Negotiable Instrument Act, enacted in 1881, establishes a legal framework and regulates the operation of several legally recognised instruments. One of its most significant principles is the concept of Holder in Due Course (HDC). The title of HDC is given to a person who has obtained a negotiable instrument in good faith, for consideration, and without knowledge of any defect in title by the previous holders at the time of the instrument’s negotiation as a value-for-value exchange. Such a holder is bestowed with several rights and privileges, including protection from certain defences that would have otherwise been available to…
