Suretyship
Section 39 of the Negotiable Instruments Act, 1881 deals with suretyship. When the holder of an accepted bill of exchange enters into any contract with the acceptor which, under section 134 or 135 of the Indian Contract Act, 1872 (9 of 1872), would discharge the other parties, the holder may expressly reserve his right to charge the other parties, and in such case they ar The Act came into force on 01 Mar 1882.
When the holder of an accepted bill of exchange enters into any contract with the acceptor which, under section 134 or 135 of the Indian Contract Act, 1872 (9 of 1872), would discharge the other parties, the holder may expressly reserve his right to charge the other parties, and in such case they are not discharged.
Section 39, The Negotiable Instruments Act, 1881 (Act 26 of 1881).
Questions about Section 39
What does Section 39 of the Negotiable Instruments Act deal with?
Section 39 of the Negotiable Instruments Act is headed "Suretyship". When the holder of an accepted bill of exchange enters into any contract with the acceptor which, under section 134 or 135 of the Indian Contract Act, 1872 (9 of 1872), would discharge the other parties, the holder may expressly reserve his right to charge the other parties, and in such case they ar
How do I find court cases under Section 39 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 39, section 39 NI Act, section 39 of the Negotiable Instruments Act. People searching for it also type what is act 39. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
When did Section 39 of the Negotiable Instruments Act come into force?
Section 39 of the Negotiable Instruments Act, cited as NI Act 39, 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.