Recovery of cheque bounce money becomes difficult: Change in Jurisdiction of Section 138 NI Act Cases : SC
Recovery of cheque bounce money becomes difficult:
Change in Jurisdiction of Section 138 NI Act Cases
Landmark Judgement by Supreme Court of India changes the way Cheque Bounce Section 138 NI Act cases are filed.
In a landmark judgement, the Supreme Court of India has changed he way Cheque Bounce Section 138 of Negotiable Instruments Act cases are filed.to prosecute a person who had presented the cheque which bounced for insufficiency of funds. Earlier, a case under Section 138 could be filed by holder of the cheque at four different places of his choice including his place of business or residence. But, now after this landmark judgement in the case of Supreme Court of India has ruled that from now onwards a case can be filed only at the place where the branch of the bank on which the bounced cheque was drawn is located.
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