Negotiable Instruments Act Section 3 — Interpretation-clause
CHAPTER I PRELIMINARY — the Schedule I.
General
Summary
The word “banker” is defined broadly for this law. It includes anyone who acts as a banker, as well as post office savings banks. This means the term is not limited to traditional commercial banks.
Official Text
In this Act— 4* * * * * “Banker”.—5[“banker” includes any person acting as a banker and any post office savings bank;] 6* * * * *
Related Judgments
- INDRA KUMAR PATODIA & ANR. vs RELIANCE INDUSTRIES LTD. AND ORS — Supreme Court of India (2012)
- Shubhangi Papers Private Limited vs Meridian Sunmica and Laminate Pvt. Ltd — Bombay High Court (Mumbai Principal Seat) (2018)
- SHAILENDRA SWARUP vs THE DEPUTY DIRECTOR, ENFORCEMENT DIRECTORATE — Supreme Court of India (2020)
- VIJAY vs LAXMAN AND ANR — Supreme Court of India (2013)
- PRAKASH GUPTA vs SECURITIES AND EXCHANGE BOARD OF INDIA — Supreme Court of India (2021)
- Date of decision: 4th July, 2007.; JAGMOHAN SINGH vs DARYAO SINGH KHATRI — Delhi High Court (2007)
