Dishonor of Cheque - payment of compensation or fine - ...
Are Cheque Dishonor Proceedings Quasi-Criminal? Exploring Chapter XVII of India's Negotiable Instruments Act.
June 7, 2021
Case Laws Indian Laws HC
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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