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Government plans strict punishment for Bounced Cheques

Government plans strict punishment for Bounced Cheques

Monday, December 26, 2016, 4:22 PM

The Government is preparing to revise the law to introduce strict punishment for bounced cheques from next year. This could act as a discouragement for the defaulter in a country saddled with above 1.8 million lawsuits on dishonoured cheques. The proposed changes could do away with the long-drawn process of settling disputes, even after years of litigation.
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