The Punjab and Haryana High Court at Chandigarh has reinforced that trial courts can direct the accused to pay up to 20% of the cheque amount as interim compensation under Section 143A of the Negotiable Instruments Act. Furthermore, under Section 148, appellate courts may require a 20% deposit of the fine/compensation, though it is not … Read more
Based on recent Punjab and Haryana High Court rulings, complainants in cheque bounce cases (Section 138 NI Act) can appeal acquittals directly to the Sessions Court as “victims” under Section 372 of the CrPC, without needing special leave from the High Court. Appellate courts may, however, require a 20% deposit of the compensation/fine amount for suspending sentences. … Read more
Offence of Cheque Bounce is a criminal offence for which the defaulter can be prosecuted under Negotiable Instruments Act, 1881 and further may be awarded 2 years jail or twice the amount of cheque or both. So it is compulsory /mandatory for you to apply for Bail on the first date. Also Read- FALSE CHEQUE BOUNCE … Read more
In this era, where the internet, net banking, cashless economy, e-challan and card payment etc, are common and frequently used, cheques as a negotiable instrument are still used as being the convenient one in business transactions, trade and commerce. The cheques are issued for securing proof of payment and has to be deposited into payee’s … Read more
Call Us