Sunday 25 December 2016

Tougher cheque-bounce law coming to aid cashless push

Spending SESSION Govt wanting to move charge making it a non-bailable offense; 1.8 million such cases pending in courts REALITY CHECK 1,825,071 38,379 349

Hindustan Times (Delhi)25 Dec 2016Kumar Uttam letters@hindustantimes.com

Information on cases till January 1, 2015 Source: Parliament questions

NEW DELHI: The administration is get ready to correct the law to present stringent discipline for bobbed checks from one year from now, which could go about as an impediment for defaulters in a nation saddled with over 1.8 million claims on shamed checks.

The proposed changes could get rid of the long-drawn procedure of settling debate, even following quite a while of suit.

Among the proposals being considered is to give a window — perhaps 30 days — for settling question amongst complainants and individuals whose checks ricocheted. On the off chance that the two gatherings neglect to go to a comprehension inside that time, the defaulter could be placed in prison without safeguard at the court's caution.

"These are among a few choices on the table. We will finish the specifics without further ado. To advance cashless exchanges, we won't timid far from fusing stringent arrangements," said a source required in consultations over corrections to the debatable instruments act, which represents cases identifying with ricocheted checks.

Check bob is a bailable offense under the present law, which empowers defaulters to avoid imprison the length of the trial is on. The law stipulates detainment up to two years or fine that may reach out up to twofold the shamed sum, or both.

Of the alternatives being viewed as, the administration could make the law a non-bailable offense.

"The thought is to minimize suit by setting up strict hindrances," an authority said.

The administration would attempt to pass the corrections to the law when Parliament sits for the spending session, likely from the most recent week of January, sources said. Bring down COURTS HIGH COURTS

Add up to number of extraordinary courts to attempt check ricochet cases

Other than electronic cash exchange, by direct charge or with charge and Mastercards, checks are a critical pinion in the administration's push for a post-demonetisation cashless economy, went for halting THE MOST INUNDATED MAHARASHTRA GUJARAT RAJASTHAN WEST BENGAL KARNATAKA UTTAR PRADESH 274,532 254,862 214,071 161,665 139,369 108,996 dissemination of illegal supports and duplicating.

Be that as it may, check defaults — for the most part individuals issuing them without adequate supports in their financial balance — are wild.

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