Bank Of Baroda Ltd. vs Punjab National Bank Ltd. And Ors. on 17 March, 1942
6. The third point argued by the learned Counsel was that post-dated cheques were not negotiable and the assignment in favour of the plaintiffs, was not enforceable. Such assignment would not also make the plaintiffs holders in due course was the further argument. There seems to be no substance in this contention as well. The learned Counsel for the respondents has invited my attention to Bank of Baroda, Ltd. v. Punjab National Bank and Ors. A.I.R. 1942 Cal.562, which has also been cited before the learned City Civil judges. That seems to be sufficient authority for the proposition that post dated cheques are as much negotiable as cheques for which payment is due immediately on presentation.