By Dr. Y. Srinivasa Rao, Judicial Officer.
An instrument in writing containing an unconditional order directing a certain person to pay a certain sum of money to a certain person. It involves a promise that such money would be paid, National Insurance Co. Ltd. v. Seema Malhotra, 2001 SCC (Cri) 443.
Bill of Exchange includes also a hundi and any other document entitling or purporting to entitle any person, whether named therein or not, to payment by any other person of or to draw upon any other person for, any sum of money, Section 2 (2) of Stamp Act, 1899.
Bill of Exchange Is an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only to or to the order of a certain person or to the bearer of the instrument, Section 5 of Negotiable Instruments Act, 1881.
Bill of Exchange includes a hundi and a cheque, Section 2 (c) of Limitation Act, 1963. Bill of Exchange includes also a hundi and any other document entitling or purporting to entitle any person, whether named therein or not, to payment by any other person of or to draw upon any other person for, any sum of money, Section 2 (2) of Stamp Act, 1899.