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Clarification on new amendments in Cheque bounce law
10-Feb-2023 (In Cheque Bounce Law)
When are the new amendments expected in cheque bounce law,,
No official Gazette has come into force till now. However, There are some suggestions that the persons whose cheque bounces should be allowed to defend the case only after depositing the money in the court first, he said. In 2015, Parliament passed amendment to the Negotiable Instrument Act providing for filing of cheque bounce cases at the place where a cheque is presented for clearance and not the place of issue. The amendments in the Act had implications for over 18 lakh cheque bounce cases pending in various courts.
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Adv. Siddhant Sharma
Delhi | 500+ Answers
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