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 litigation with respect to dishonoured cheques came to the court’s notice when it was hearing a case dating back to 2005 recently.
Kashish Makkar | | Published 19.05.21, 01:10 AM
Over 200,000 farmers have committed suicide in the past 25 years in India the largest wave of recorded suicides in modern history. Human rights institutions, including the UN Human Rights Council, national and state human rights commissions, and Indian constitutional courts seeking to hold the government accountable for this crisis see these deaths emerging from structural problems. These problems include the lack of a proper irrigation infrastructure that causes crop failures, or inefficient crop marketing systems leading to the non-realization of optimum revenues. Based on this understanding, these institutions recommend measures such as debt-waivers, crop insurance, extension of subsidies, and the development of irrigation infrastructure as solutions. The government implements some of these measures, such as debt-
Conditions of cheque dishonouring
Overwritten cheque
If no signature is affixed or does not match with the specimen signature kept by the bank
If the name of the drawee (one who accepts and, cashes the cheque) is absent or not clearly mentioned
If the amounts written in words and figures do not match with each other
If the account number is not mentioned or not mentioned clearly
If the drawer (one who draws and, provides the cheque) asks the bank to stop the payment on the cheque
If a court has given an order to the bank to stop the payment
Bank Holidays alert! Banks to remain closed for 7 days ahead in May, check full list here
Customers planning a visit to their respective bank branch are advised to plan their visit in accordance with the bank holidays.
Share
Updated: May 9, 2021, 07:51 PM IST
In this COVID-19 period, if you have any work related to the bank, then this news is very important for you. Like every month, banks will be shut on a few special occasions for the remaining month of May, according to the holidays mentioned by the Reserve Bank of India (RBI). Banking operations for customers remain completely shut on these holidays.
Highlights
Banks were to remain closed for a total of 12 days.
Bank holidays vary in various states because banks don’t observe all occasions in all states.
Holidays granted to bank employees under the Reserve Bank of India’s calendar are placed under three brackets.
New Delhi: Like every month, banks will be shut on a few special occasions for the remaining month of May, according to the holidays mentioned by the Reserve Bank of India (RBI). Banking operations for customers remain completely shut on these holidays.
In May, banks were to remain closed for a total of 12 days, as per the holiday list. However, a few holidays have already passed, leaving only eight days on which banks will remain closed.