Negotiable Instruments Act — Section 25

When day of maturity is a holiday.—When the day on which a promissory note or bill of

25. When day of maturity is a holiday.—When the day on which a promissory note or bill of exchange is at maturity is a public holiday, the instrument shall be deemed to be due on the next preceding, business day.

Explanation.—The expression “public holiday” includes Sundays: 1*** and any other day declared by

the 2[Central Government], by notification in the Official Gazette, to be a public holiday.

CHAPTER III

PARTIES TO NOTES, BILLS AND CHEQUES.

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