A party receiving notice of dishonour, who seeks to enforce his right against a prior party, transmits the notice within a reasonable time if he transmits it within the same time after its receipt as he would have had to give notice if he had been the holder.
CHAPTER X OF R E A S O N A B L E T I M E
Section 107: Reasonable time for transmitting such notice
The Negotiable Instruments Act, 1881