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Indian Laws - Highlights / Catch Notes

Home Highlights June 2021 Year 2021 This

Dishonor of Cheque - payment of compensation or fine - ...

Indian Laws

June 7, 2021

Dishonor of Cheque - payment of compensation or fine - proceedings contained in chapter XVII of the Negotiable Instruments Act - Quasi criminal proceedings or not - The object of the provision being primarily compensatory, punitive element being mainly with the object of enforcing the compensatory element, the sentence of imprisonment can be modified inlieu of compensation paid which is twice the amount of the cheque. - HC

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