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Lok Sabha approves bill to cut litigation over bounced cheques

By  July 24, 2018  No comments
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.

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