Negotiable Instruments Act Section 11 — Inland instrument

Summary

A promissory note, bill of exchange, or cheque is considered an inland instrument if it is created in India and is either payable in India or drawn on a person who lives in India. This means the document is treated as a domestic, rather than foreign, financial instrument under the law.

Official Text

A promissory note, bill of exchange or cheque drawn or made in 2[India] and made payable in, or drawn upon any person resident in, 2[India] shall be deemed to be an inland instrument.

Related Judgments

• MALLAVARAPU KASIVISWESWARA RAO vs THADIKONDA RAMULU FIRM AND ORS — Supreme Court of India (2008)
• VIJAY vs LAXMAN AND ANR — Supreme Court of India (2013)
• P. VENUGOPAL vs MADAN P. SARATHI — Supreme Court of India (2008)
• The Hon’ble Justice Rai Chattopadhyay; CRR 196 of 2016; With; CRAN 8 o vs The State of West Bengal & Anr., WITH, CRR 197 of 2016, with, CRAN 8 o — Calcutta High Court (Kolkata Principal Seat) (2024)