The Supreme Court sets out guidelines to bring uniformity and quick disposal of matters involving bounced cheques.
SD Israni
In any country, payment through the medium of cheques is a normal trade practice; the drawer of the cheque is conscious about his obligation to honour the cheque on presentation. Any failure on his part to honour a cheque issued by him would have serious consequences. Unfortunately, in India, the scenario is quite different. Due to the sluggish legal system, people can take undue advantage by dodging it to the maximum possible extent. Even the special provisions in the...