Cheque Bounce

Cheque bounced? Experts weigh in on fines, jail risk and credit hit

'Most cases end in settlement, not jail,' say lawyers, but ignoring the 15-day notice can trigger court action and credit damage

Delhi HC grants interim bail to Rajpal Yadav in cheque bounce cases

In a relief to actor Rajpal Yadav, the Delhi High Court suspended till March 18 his sentence in the cheque bounce cases and permitted him to be released from jail. Justice Swarana Kanta Sharma passed the order after noting that Yadav deposited Rs 1.5 crore in the bank account of complainant M/s Murali Projects Pvt Ltd. "We are granting you an interim suspension of sentence... It is till the next date of hearing," said the judge. Yadav sought suspension of his sentence on the ground of a marriage in his family on February 19. The court directed Yadav to surrender his passport and not leave the country without permission. It further directed Yadav to remain present, either physically or virtually, on the next date of hearing on March 18. The court's proceedings came on revision petitions by Yadav and his wife challenging a 2019 decision of a sessions court, which upheld their conviction by a magisterial court here in the cheque bounce cases in April 2018. The magisterial court had

Cheque bounce appeals: SC questions blanket deposit exemption for directors

A Bench of Justice Aravind Kumar and Justice NV Anjaria said that such people cannot be given a blanket exemption from making the deposit

No more 2-day wait: Cheques to clear within hours from October 4, says RBI

Starting October 4, 2025, the Reserve Bank of India will implement a faster cheque-clearing system, reducing settlement time from up to two working days to just a few hours during business hours.

Your high-value cheque might bounce, even if you did everything right

Lenders have added PPS, a layer of verification system to prevent cheque frauds and protect customers

'Tu bahar mil': Convict, lawyer threaten Delhi judge after conviction

A convict and his lawyer threatened a Delhi judge after a cheque bounce conviction, saying she wouldn't make it home alive

Ram Gopal Varma sentenced to three months jail in cheque bounce case

Ram Gopal Varma has been asked to pay Rs 3.72 lakh compensation within three months or face an additional three months in jail

Kerala's Kollam gets India's first digital court for cheque bounce cases

Chief Minister Pinarayi Vijayan hailed this as a historic day for Kerala's judiciary

Beware! Cheque bounce can lead to hefty penalty and imprisonment

Keep sufficient funds in account, fill cheque details accurately and legibly, and ensure your signature hasn't changed

Finance ministry mulls steps to curb cheque bounce cases: Report

The finance ministry is mulling several steps like dipping into other accounts of a cheque issuer and prohibition of opening of new accounts of offenders to effectively deal with cheque bounce cases which are clogging the legal system. Many suggestions were made at a high-level meeting recently called by the ministry to deal with the high incidence of cheque bounce cases. Some of the steps suggested before taking legal recourse included debiting another accounts of the cheque issuer if his or her account is short of funds to honour the instrument, sources said. The other suggestions were treating cheque bounce as default of loan and thus reporting it to credit information companies for necessary downgrade of score, the sources said, adding a proper legal view would be taken before these suggestions are accepted. If these suggestions are implemented, it would help enforce cheque honouring by the payer without the matter going to court and also compel him/her to make payment by creat

SBI dishonours cheque after misreading Kannada numeral; fined Rs 85,000

A State Bank of India branch has been fined Rs 85,177 by the Dharwad District Consumer Grievances Redressal Forum for dishonouring a cheque after failing to properly recognise a Kannada numeral on it. Vadirajacharya Inamdar issued an SBI cheque for Rs 6,000 to Hubli Electricity Supply Company Limited (HESCOM) towards his electricity bill on September 3, 2020. HESCOM had its account in Canara Bank and therefore the cheque was sent to the SBI branch at Haliyal in Uttara Kannada district of Karnataka for clearance. The cheque was filled in Kannada including the numerals. The SBI branch in Haliyal wrongly identified the Kannada numeral nine as six and, therefore, dishonoured the cheque. The numeral nine indicated the month of September, but the bank read it as June. Inamdar, an English lecturer in the Government PU College in Hubballi, approached the Consumer Forum with his complaint. On Wednesday, the Forum consisting of President Ishappa Bhute and members V A Bolishetti and P C Hir

Supreme Court sets up special courts in 5 states for cheque-bounce cases

To function in Delhi, Gujarat, Maharashtra, Rajasthan and UP from Sept 1

Strong recovery seen as bounce rates ease further in Feb; lowest in 32 mths

According to NACH data, the metric improved by 100 bps by value over Jan, to 22.4%. By volume, it stood at 29.2%, an improvement of 40 bps over Jan

Bounce rates in December fall to their lowest since Covid-19 pandemic

December data indicates a good third quarter for banks on asset quality front

Govt likely to drop plan to decriminalise cheque bounce offences

It would seek directions from a Supreme Court panel formed to expedite the pendency of cheque bounce cases before taking a final call

Cheque bouncing up in April during second wave of Covid-19: HDFC Bank

Ehile cheque returns in April have risen slightly, it this does not necessarily point to a trend, say bank officials

SC issues directions for speedy disposal of cheque bounce cases

The Supreme Court came out with a slew of directions to ensure speedy disposal of cheque bounce cases across the country

RBI governor announces 'positive pay' feature to help avert cheque frauds

Under the 'positive pay' system, a customer who issues the cheque clicks a picture of the cheque before handing it over to the beneficiary and uploads the same on the bank's mobile application

Banks, businesses debate decriminalising dishonouring of cheques

The government wants to change the law, more so in recent months as part of reforms helping business

Don't decriminalise, fix financial limits for cheque bounce: Bank union

The risk of imprisonment for actions or omissions that aren't necessarily fraudulent or the outcome of mala fide intent is a big hurdle in attracting investments