Bank employees' union seeks fixing limits for cheque bounce1 min read 15 Jun 2020, 11:43 AM IST
Bank employees' union wants government to set limits for attracting criminal provisions for bouncing of cheques
In case of companies, if the returned cheque is more than ₹10 lakh, it shall be tried under the criminal procedure code, the union suggests
NEW DELHI : The All India Bank Employees' Association (AIBEA) has suggested the finance ministry to not decriminalise bouncing of cheques under the Negotiable Instruments Act but fix financial limits for attracting criminal provisions.
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