What is the punishment in case of cheque bounce
Answers (3)
Under section 138 of N.I. Act provisions are for double of amount of cheque or one year imprisonment or both. This is a bailable offence. Though it is a summary suit of criminal nature, even the procedure of CrPC has to be adopted for evidence and cross examination of witnesses. There are guidelines from Supreme court to dispose of matter under section 138 of N.I. Act within 6 month time but practically it is not being done by the lower courts.
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