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Cheque bounce News

10 Oct 2022

New rules regarding check bounce cases, govt could bring THESE big changes

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.

09 Oct 2022

Finance ministry mulls steps like auto debiting other a/cs of issuer

The other suggestions were treating cheque bounce as default of loan and thus reporting it to credit information companies. If these suggestions are implemented, it would help enforce cheque honouring by the payer without the matter going to court. Trade bodies have been pitching for changes in the cheque bounce law for the fast disposal of such cases.

11 Mar 2021

SC's big decision on cheque bounce cases, creation of additional courts

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.

30 Dec 2015

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.

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