Check Bounce Rule: Govt may bring new rules regarding check bounce cases, THESE big changes could be made
Some of the steps suggested before taking legal recourse included debiting another accounts of the cheque issuer if his or her account is short of funds to honour the instrument, sources said.
Oct 10, 2022, 10:01 AM IST
Finance ministry mulls steps like auto debiting other a/cs of issuer to curb cheque bounce cases
These measures would help promote ease of doing business and dissuade people from wilfully indulging in issuance of cheques even though their accounts have insufficient funds.
Oct 09, 2022, 16:40 PM IST
Supreme court's big decision on cheque bounce cases: Creation of additional courts, committee constituted to give suggestions
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, after the modalities are worked out on the issue.
Mar 11, 2021, 12:48 PM IST
Now file cheque bounce cases locally
The legislation provides that cases of bouncing of cheques can be filed only in a court in whose jurisdiction the bank branch of the payee (person who receives the cheque) lies.
Dec 30, 2015, 20:15 PM IST
