December 31, 2015 7:07 AM

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Now file cheque bounce cases locally

People can now file cheque bounce cases at the place where the cheque is presented for clearance and not at the place of issue, as per the new law which got the President assent recently. Official sources said, the Negotiable Instruments (Amendment) Act, 2015 received President Pranab Mukherjee's nod on Saturday. There are an estimated 18 lakh cheque bounce cases across the country, of which about 38 thousand are pending in High Courts. Some litigants have to travel to different places from where the cheques were issued and not honoured. The Negotiable Instruments (Amendment) Bill, 2015 was passed by Parliament in the recently concluded Winter Session.

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