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Lok Sabha passes bill to deal with cheque bounce cases

News:

  • The amendments in the Negotiable Instruments Act will have implications for over 18 lakh cheque bounce cases pending in various courts, Minister of State for Finance Jayant Sinha said while piloting the Negotiable Instruments (Amendment) Bill 2015 in the House.
  • It will help small traders, large corporates especially telecom companies which are facing a large backlog of cheque bounce cases.
  • He further said that the courts could send summons or notices through e-mails or any other speedier mode of communication to expedite resolution of disputes.

Source: ET

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