December 30, 2015 8:36 PM

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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 President Pranab Mukherjee's assent recently. The Negotiable Instruments (Amendment) Act, 2015 has received the President's nod on Saturday, official sources said today. There are an estimated 18 lakh cheque bounce cases across the country, of which about 38,000 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 the Parliament in the recently concluded Winter Session.

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