The Negotiable Instruments Act, 1881
Section 122Estoppel against denying signature or capacity of prior party
In force
Part IV
Chapter XIII SPECIAL RULES OF EVIDENCE
s. 122
122. Estoppel against denying signature or capacity of prior party No indorser of a negotiable instrument shall, in a suit thereon by a subsequent holder, be permitted to deny the signature or capacity to contract of any prior party to the instrument.