The Supreme Court clarifies that under Section 138 of the NI Act, jurisdiction for cheque bounce cases lies with the payee’s bank branch, not the deposit location.
Supreme Court grants interim bail to a man accused in a 1999 Rs 20 lakh cheque bounce case, claiming he was wrongly identified. He says the real issuer was someone else with a similar name.
The Supreme Court of India has issued fresh guidelines to tackle the growing problem of cheque bounce cases, aiming to fast-track the legal process and ensure quicker, smoother, and more effective resolution for all parties involved.
Banks are filing cheque bounce cases in distant courts to pressure borrowers using a legal loophole. This rising trend raises serious questions about fairness and due process.
