Banks oppose Finance Ministry move to decriminalise cheque bounce offence

Banks have added their voice to the increasing chorus of stakeholders opposing the Finance Ministry’s proposal to decriminalise the offence of cheque return under Section 138 of the Negotiable Instruments (NI) Act, 1881. Banks, under the aegis of the Indian Banks’ Association, have represented to the Finance Ministry that this provision in the NI Act should continue.

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