What happens when a cheque bounces in India? How much fine does the court impose on the person who wrote the cheque?
What happens when a cheque bounces in India? How much fine does the court impose on the person who wrote the cheque?
Best Answer
In India, a bounced cheque is a criminal offense under the Negotiable Instruments Act, 1881. The court can impose a fine of up to twice the amount of the cheque, imprisonment for up to two years, or both, depending on the circumstances.
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