Tag Archive for 'Cheque bounce'

Cheque bounce cases can now be filed where it is presented

Parliament has passed a law allowing cheque bounce cases to be filed at the place where the cheque is presented for clearance and not the place of issue, a change that is expected to go a long way in improving legal recourse in such cases. The Rajya Sabha passed the Negotiable Instruments (Amendment) Bill  without […]

Legal Action on Cheque Bouncing Issue

A cheque is a negotiable instrument in India and is valid for three months from its date. Cheque bouncing is one of the most common offences in the country, with over 40 lakh pending cases in the Supreme Court. A cheque is said to be bounced when the payment stated on it is not made […]