Lok Sabha approves bill to cut litigation over bounced cheques

The Negotiable Instruments (Amendment) Bill, which aims to cut down unnecessary litigation over bounced cheques, was passed by a voice vote. It allows a court trying a cheque bounce offence to direct the person who wrote the cheque to pay an interim compensation to the complainant. The bill amends the Negotiable Instruments Act, 1881.

from India News | Latest News Headlines & Live Updates from India - Times of India https://ift.tt/2mBbKKW