Insolvency of Drawee Archives - LAW GNAN

25.A of Calcutta drew a bill of exchange on B of Hongkong payable sixty days after sight. The holder C kept the bill with him for five months and then presented it for acceptance before B. B in the meanwhile became insolvent. C sues A for payment. Will he succeed?

Sunny Shettipalli
July 29, 2025
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