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In the present scenario, the complainant gets arbitrary power to ask for an amount which is much higher than the cheque amount and the applicable interest on it.
Filmmaker Rajkumar Santoshi denies cheque bouncing charges and plans to appeal against the two-year jail term. Get the latest updates on the case and Santoshi's reaction.
Filmmaker Rajkumar Santoshi faces trouble after a Jamnagar court sentences him to 2 years in jail and imposes a fine of Rs 2 crore. - Filmmaker Rajkumar Santoshi Gets 2 Years in Jail for Cheque Bouncing - Read Details Here
Bengaluru Special Courts for People’s Representatives has issued an order convicting Karnataka Education Minister Madhu Bangarappa in connection with a cheque bounce case from 2011 and imposing a Rs 6.96 crore fine. �� Cheque Bounce Case: Bengaluru Court Tells Karnataka Education Minister Madhu Bangarappa To Pay Rs 6.96 Crore Fine or Go to Jail.
The Kerala High Court held that when a company is not convicted for the offence of cheque bouncing under Section 138 of the Negotiable Instruments Act, its Directors cannot be held vicariously liable for the same offence