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As you could possibly know the circumstances of 138 cheque bounce matters are very common in recent times in Bangalore and Chennai mainly because of the substantial spike in the e-commerce and e-business enterprise sectors.

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18 [ 138 Dishonour of cheque for insufficiency, etcetera., of cash in the account. —Where by any cheque drawn by someone on an account maintained by him which has a banker for payment of any sum of money to another man or woman from away from that account for your discharge, in whole or in part, of any credit card debt or other liability, is returned with the bank unpaid, both due to the get more info amount of money standing into the credit rating of that account is insufficient to honour the cheque or that it exceeds the quantity arranged being paid out from that account by an agreement manufactured with that bank, such man or woman shall be deemed to own committed an offence and shall, devoid of prejudice to some other provisions of the Act, be punished with imprisonment for 19 [a time period which can be prolonged to 2 several years], or with wonderful which may lengthen to two times the amount of the cheque, or with both: Furnished that absolutely nothing contained During this segment shall apply Until—

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The parliament passed the Negotiable Instruments (Amendment) Act which inserted/released Section- 148 the place here in the event of an Appeal filed through the accused from the conviction under section 138, the Appellate Court may well buy the Appellant to deposit at least twenty percent on the wonderful or the full compensation awarded from the trial Courtroom.