Page 3 - Cheque Bounce News Today

The Supreme Court noted that the drawer who signs the cheque and gives in to the payee is presumed to be liable.

The Delhi High Court on Tuesday appointed five retired judicial officers as presiding officers of the Special Courts dealing with cheque bounce cases under the Negotiable Instruments Act, 1881.

Justice L. Nageswara Rao, Justice BR Gavai and Justice S Ravindra Bhat said that in view of the large number of pending cases in Maharashtra, Delhi, Gujarat, Uttar Pradesh and Rajasthan, , supreme court, cheque bounce

Cheque rule change: Your cheque will bounce if you will not follow THIS rule mandated by RBI - To tackle the increase in cases of bank fraud in the nation, the Reserve Bank of India (RBI) introduced the Positive Pay System

रिजर्व बैंक ने जनवरी में पॉजिटिव पे सिस्टम को लागू किया किया था, ताकि चेक आधारित ट्रांजेक्शन को पहले से ज्यादा सुरक्षित बनाया जा सके. | RBI new rule: अगर आप किसी को चेक के जरिए पेमेंट करने जा रहे हैं, तो �...

Cheque-bounce cases need to be settled fast × Allowing courts to make summary convictions and discouraging the use of cheques can help reduce the huge pile-up of cases The Supreme Court recently came out with a slew of directions to ensure speedy disposal of cheque-bounce cases. The court referred to a recent study that revealed more than 35 lakh cheque-bounce cases are pending, constituting more than 15 per cent of the total criminal cases pending in district courts. The issue of prolonged ...

Let’s repeal the law which criminalizes the issuance of cheques that bounce. On principle. As e-transfers outmode old instruments, we must envision new rules that’ll serve us better

Supreme Court issues directions for speedy disposal of cheque bounce cases The Supreme Court on Friday issued a slew of directions for speedy disposal of cheque bounce cases, which have choked the justice delivery system.   |  17 April 2021 2:33 AM GMT NEW DELHI: The Supreme Court on Friday issued a slew of directions for speedy disposal of cheque bounce cases, which have choked the justice delivery system. The top court also recommended the Centre to amend the law to allow one trial in mult...

Source: PTI New Delhi: The Supreme Court Wednesday constituted a committee under the chairmanship of a former Bombay High Court judge to consider the suggestions and submit a report in three months specifying the steps to be taken for early disposal of cheque bounce cases across the country. A five-judge bench headed by Chief Justice S A Bobde was informed by Solicitor General Tushar Mehta that the Centre has in principle accepted the need for creating additional courts to deal with such cases,...

The top court had last week termed the pendency of over 35 lakhs cheque bounce cases as “grotesque” and suggested to the Centre to come up with a law to create additional courts for a particular period of time to deal with such cases.