New
Delhi:
The legislative department of the ministry of law, justice
and company affairs has addressed the Bar Council of India,
requesting it to disseminate the correct position in the
legal fraternity and others concerned that bouncing of
cheques continues to be a serious offence.
Under sections 138 to 142
of the Negotiable Instruments Act, 1881, it is a serious offence.
This request follows the refusal of the courts to entertain new
complaints of bouncing of cheques after the repeal of the Banking,
Public Financial Institution and Negotiable Instruments
Law (Amendment) Act, 1988, by the Repealing and Amending Act,
2001.
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