Cheque bounce appeals possible only if 50% fine is deposited with new rules

The government is likely to amend Negotiable Instrument Act

The government is planning to amend the Negotiable Instrument Act to go tough on cheque bouncing cases. With the proposed changes, the convicted defaulter has to mandatorily deposit half of the imposed fine or compensation as a precondition for admitting appeal in a court. 

According to the proposed amendment, notwithstanding anything contained in the Code of Criminal Procedure (CrPC), no appeal against conviction will be entertained by the Appellate Court unless the appellant deposits 50 per cent of the fine or compensation awarded by the Trial Court, a report published in The Indian Express, said.