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Ordinance on cheque bounce cleared

By The Assam Tribune

NEW DELHI, June 10 � An ordinance to help lakhs of persons battling cheque bounce cases far away from their place was today cleared by the Union Cabinet, which will be the 14th ordinance of the Modi government in a little over a year, reports PTI.

The ordinance, which will amend the Negotiable Instruments Act, will enable filing of cheque bounce cases in the place where the cheque was presented for clearance or payment and not the place of issue. There are an estimated 18 lakh people facing cheque bounce cases across the country.

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