Who is responsible for refunding the value paid if the negotiable instrument is withdrawn and the person who issued it is aware of the debtor's cessation of payment?
The drawer or the person, for whose benefit the negotiable instrument is withdrawn, shall be responsible for refunding the value paid to the Trustee or the debtor, as the case may be, if they are aware of the debtor's cessation of payment at the time of issuing the negotiable instrument.