Immediate arrest required for persons bouncing cheques.
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Persons issuing cheques without sufficient bank balance must be immediately arrested and send to jail. In India, there are many people who trust people who issue cheques for them to be cleared after they present it to bank for clearance. But, once the cheque bounces for lack of funds, the person who needs to get money will get cheated and is subjected to lot of mental agony. The present law of Section 138 of the negotiable instruments Act is very weak and a time consuming process. After demonetization of old currency in India and after new cash rules are made, people are forced to accept cheques instead of cash for all high value transactions. People with bad intentions have now found an easy route to commit financial frauds by issuing cheques without balance in their account. I personally am a victim, where one person who owe me 3 crores of rupees has issued 8 cheques and now bouncing all the cheques. He openly challenge me that law cannot make me pay your money and I am now running to advocates and courts regularly leaving all my works.
Like me there are several persons in India facing similar problems and that lakhs of cheque bounce cases pending in Indian courts prove that fact. The India law must be more strict and punish such offenders Immediately by arresting them. Most of the crimes are originated from such financial frauds and hence cheque bounce offender must get at least 7 years of Imprisonment and at least 200% penalty.
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