42. An acceptor of a bill of exchange drawn in a fictitious name and payable to the drawer's order is not, by reason that such name is fictitious, relieved from liability to any holder in due course claiming under an indorsement by the same hand as the drawer's signature, and purporting to be made by the drawer.
Negotiable Instruments Act, 1881
Section 42: Acceptance of bill drawn in fictitious name
Chapter III — Parties to Notes, Bills and Cheques
Source: official text of the Negotiable Instruments Act, 1881.