Set of bills
Section 132 of the Negotiable Instruments Act, 1881 deals with set of bills. Bills of exchange may be drawn in parts, each part being numbered and containing a provision that it shall continue payable only so long as the others remain unpaid. The Act came into force on 01 Mar 1882.
Bills of exchange may be drawn in parts, each part being numbered and containing a provision that it shall continue payable only so long as the others remain unpaid. All the parts together make a set; but the whole set constitutes only one bill, and is extinguished when one of the parts, if a separate bill, would be extinguished.
Exception.—When a person accepts or indorses different parts of the bill in favour of different persons, he and the subsequent endorsers of each part are liable on such part as if it were a separate bill.
Section 132, The Negotiable Instruments Act, 1881 (Act 26 of 1881).
Judgments citing this section
These may be obiter dicta or a precedent, for you to study. These are the judgments where this section is quoted.
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… holder is quantified as Rs.3,20,600/-(Rupees Three Lakh Twenty Thousand and six hundred only). ii) The appellant had already deposited Rs.60,000/- (Rupees Sixty Thousand only) in connection with the Crl.Appeal No.232 of 2018 before the Sessions Court, Thrissur as a condition for the proceedings initiated under Section 132 of the Negotiable Instruments Act, 1881. iii) The appellant has no objection in FAO NO. 172 OF 2018 ..3.. withdrawing the amount by the respondent. iv) The appellant shall pay the balance amount of RS.2,60,600/- within a period of one year from today. v) If the appellant pays the …
Questions about Section 132
What does Section 132 of the Negotiable Instruments Act deal with?
Section 132 of the Negotiable Instruments Act is headed "Set of bills". Bills of exchange may be drawn in parts, each part being numbered and containing a provision that it shall continue payable only so long as the others remain unpaid.
How do I find court cases under Section 132 of the Negotiable Instruments Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: NI Act 132, section 132 NI Act, section 132 of the Negotiable Instruments Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When did Section 132 of the Negotiable Instruments Act come into force?
Section 132 of the Negotiable Instruments Act, cited as NI Act 132, came into force on 01 Mar 1882, having been enacted on 09 Dec 1881. It is in force as at the date shown on this page.
Other sections of this Act
- 138. Dishonour of cheque for insufficiency, etc., of funds in the account312 words
- 142A. Validation for transfer of pending cases299 words
- 143. Power of Court to try cases summarily297 words
- 143A. Power to direct interim compensation291 words
- 142. Cognizance of offences290 words
- 141. Offences by companies287 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 14 Oct 2026. This page is not a substitute for legal advice.