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Indian Laws - Highlights / Catch Notes

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Dishonour of Cheque - quantum of fine - the courts can impose ...


Courts Can Impose Fines Up to Double the Cheque Amount for Dishonor, Including Interest or Alternative Compensation.

September 11, 2023

Case Laws     Indian Laws     HC

Dishonour of Cheque - quantum of fine - the courts can impose double the cheque amount as fine or lesser sum, by adding interest thereof, or to compensate the complainant otherwise, by quantifying the amount, but on any contingency the fine amount shall not exceed twice the cheque amount - HC

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