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Economy

Parliament passes bill for quick prosecution in cheque bounce

Updated : July 26, 2018 11:57 PM IST

Moving the bill for consideration and passage, Minister of State for Finance Shiv Pratap Shukla said presently over 16 lakh cases of cheque bounce are pending in subordinate courts.
The latest amendments aims to insert Section 143A and Section 148 in the Act to provide that a court trying a cheque bounce offence under Section 138 may order the drawer of the cheque to pay interim compensation to the complainant.
Opposing the bill, K Somaprasad (CPI-M) said about 18 lakh cheque bounce cases are pending in the country in various courts and speedy disposal is essential.
Parliament passes bill for quick prosecution in cheque bounce
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