BSA §123
No acceptor of a bill of exchange shall be permitted to deny.
Jump to section
Comparison
117. Estoppel of acceptor of bill of exchange, bailee or licensee. –– No acceptor of a bill of exchange shall be permitted to deny that the drawer had authority to draw such bill or to endorse it; nor shall any bailee or licensee be permitted to deny that his bailor or licensor had, at the time when the bailment or licence commenced, authority to make such bailment or grant such licence. Explanation (1). –– The acceptor of a bill of exchange may deny that the bill was really drawn by the person by whom it purports to have been drawn. Explanation (2). –– If a bailee delivers the goods bailed to a person other than the bailor, he may prove that such person had a right to them as against the bailor. 1. Subs. by Act 13 of 2013, s. 26 (w.e.f. 3-2-2013). Earlier it was inserted by 43 of 1983, s. 6, (w.e.f. 25-12-1983). CHAPTER IX. –– OF WITNESSES
123. No acceptor of a bill of exchange shall be permitted to deny that the drawer had authority to draw such bill or to endorse it; nor shall any bailee or licensee be permitted to deny that his bailor or licensor had, at the time when the bailment or licence commenced, authority to make such bailment or grant such licence. Explanation 1.—The acceptor of a bill of exchange may deny that the bill was really drawn by the person by whom it purports to have been drawn. Explanation 2.—If a bailee delivers the goods bailed to a person other than the bailor, he may prove that such person had a right to them as against the bailor. CHAPTERIX OF WITNESSES
What changedAI-inferred
Estoppel of acceptor of bill of exchange, bailee or licensee.
Old position
IEA 117 is concerned with Estoppel of acceptor of bill of exchange, bailee or licensee. Estoppel of acceptor of bill of exchange, bailee or licensee
New position
BSA 123 preserves the framework with drafting modernisations as required by the new code. Topic: No acceptor of a bill of exchange shall be permitted to deny.. No acceptor of a bill of exchange shall be permitted to deny that the drawer had authority to draw such bill or to endorse it; nor shall any bailee or licensee be permitted to deny that his bailor or licensor had, at the time when the
BSA 123 (No acceptor of a bill of exchange shall be permitted to deny.) preserves the framework of IEA 117. BSA 123 retains the operative provisions in substantively the same form, with drafting modernisation and structural updates as required by the new code. BSA 123 text: No acceptor of a...
Editorial deltaAI-indicated (source-linked)
BSA 123 (No acceptor of a bill of exchange shall be permitted to deny.) preserves the framework of IEA 117. BSA 123 retains the operative provisions in substantively the same form, with drafting modernisation and structural updates as required by the new code.
BSA 123 text: No acceptor of a bill of exchange shall be permitted to deny that the drawer had authority to draw such bill or to endorse it; nor shall any bailee or licensee be permitted to deny that his bailor or licensor had, at the time when the bailment or licence commenced, authority to make such bailment or grant such...
Transitional note (repeal & savings)
For matters initiated before 1 July 2024, IEA 117 continues to apply. For matters from that date forward, BSA 123 applies. The transition is governed by the repeal-and-savings clause in the new code (BNS 358 / BNSS 531 / BSA 170 as the case may be); pending proceedings under the old code carry forward unaffected.
Frequently asked
BSA 123 (No acceptor of a bill of exchange shall be permitted to deny.). The relationship is classified as substantively_same — see the change-note above for the textual delta.
Sources
- India Code — Indian Evidence Act, 1872
- Gazette of India — Bharatiya Sakshya Adhiniyam, 2023
Cite this page
Newlaws.in, IEA §117 → BSA §123 Mapping Page, last updated 2026-05-01, accessed 2026-06-14, https://newlaws.in/bsa/123.
Compiled using AI-assisted tools · Source-linked · Last updated 2026-05-01
Not legal advice. Verify against the bare act and consult a qualified advocate for any specific matter.