Section 42 Negotiable Instruments Act, 1881

 Section 42 Negotiable Instruments Act, 1881 in Hindi and English 

Section 42 Negotiable Instruments Act, 1881 :An acceptor of a bill of exchange drawn in a fictitious name and payable to the drawer's order is not, by reason that such name is fictitious, relieved from liability to any holder in due course claiming under an indorsement by the same hand as the drawer's signature, and purporting to be made by the drawer.

Supreme Court of India Important Judgments And Case Law Related to Section 42 of Negotiable Instruments Act, 1881 :

Vishnu Dutt Sharma vs Daya Sapra on 5 May, 2009

परक्राम्य लिखत अधिनियम, 1881 की धारा 42 का विवरण :  - कल्पित नाम में लिखा गया और लेखीवाल के आदेश पर देय विनिमय-पत्र का प्रतिगृहीता, किसी ऐसे सम्यक्-अनुक्रम-धारक के प्रति, जो लेखीवाल के हस्ताक्षर जैसे ही हस्ताक्षर द्वारा और लेखीवाल द्वारा रचित तात्पर्यित पृष्ठांकन के अधीन दावा करता है, दायित्व से इस कारण मुक्त नहीं हो जाता कि ऐसा नाम कल्पित है ।

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