The Supreme Court constituted a committee to find ways to reduce cheque bounce cases. The government received suggestions that include debiting other accounts of the cheque issuer to recover money.
Expressing "serious concern" over pendency of a large number of cheque bounce cases, the Supreme Court has said courts should encourage compounding of offences under the Negotiable Instruments Act ...
H YDERABAD : As many as 39 cheques worth Rs 11 crore paid towards Property Tax have been bounced in seven Greater Hyderabad Municipal Corporation circles. The civic body has taken stern action ...