Can we decide the amount of compensation in a cheque bounce case?
26-Dec-2023 (In Cheque Bounce Law)
how much fine amount can we ask in cheque bounce case? cheque amount Rs.1,00,000/-
usually the fine amount in cheque cases is would be 5000 to 10000 and the compensation can be awarded complainant towards for agony which could be upto the cheque amount basing and vary upon the circumstances of the case
In cheque bounce cases the law prescribed certain provisions. Cheque bounce offence covers under NI act. Normally punishment will be double the cheque amount. We can ask as per the agreement, along with interest.., this is criminal in nature. That is to punish the accused
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