Make Cheque Bouncing Act Quick and More Effective
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Individuals, companies, firms and organizations issue cheques in lieu of supply of material, services rendered, return on loans & investments, repayment of loans & investments etc. Existing Act to deal with bouncing of such cheques in a court of law is very soft and time consuming. The miscreants take benefit of the inherent softness and time consuming process under the Act which runs for years in judicial courts. The court procedures put the beneficiaries to deep mental torture and agony while the miscreant take benefit of the loopholes in the Act and accordingly drag the case for years. The Act, therefore, needs urgent attention of the Minnistry of Law and Justice for its immediate revamping. The Act must ensure justice within two months. Very simple. Cheque issued need to be honored else decree need to be passed by court for payment of the Cheque with interest, as well as imprisonment in exceptional circumstances. There must be no adjournments. Cases must be decided on the basis of evidence which were given by the complainant at the time of filing of case.
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