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Cheque bounce rule: There are different types of punishments in case of cheque bounce, important rules for those doing transactions

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Cheque Bounce Rules: Big news! You have to pay the fine if the cheque bounces. and may even go to jail Know what is the rule

Cheque bounce: Recently many people have started making payments by cheque. This is an easy way to make payments, but in case of a cheque bounce, the cheque issuer faces a big problem. There is also punishment and fine if the cheque bounces. To explain why many types of punishments are given if a cheque bounces, let us know why-

Cheque bounce: As safe as it is to transact by cheque, it is equally dangerous when the cheque bounces. If you also pay by cheque then this news is very important. Actually, there are different provisions in the law in case of cheque bounce (Punishment and fine in check bounce), so not everyone will get the same punishment. Court decisions in special cases of cheque bounce can easily explain this.

In these two big cases, the punishment was different:

Two famous film directors have been caught in cheque bounce cases. Legendary film director Ram Gopal Varma has been sentenced to 3 months in a financial dispute, while another producer Rajkumar Santoshi has been sentenced to 2 years in a cheque bounce case. Ram Gopal Varma has made many great films.

There are similar charges in both the cases, but why is there a difference in the sentence in the cheque bounce case? The legal process, the severity of the crime and other factors may contribute to this. It appears that the determination of punishment under the law depends on many things. It is important to consider the reasons and clarity of the judicial process in such cases.

How long has Ram Gopal’s case been going on?

An old case (Ram Gopal Verma cheque bounse case) against Ram Gopal Varma, which happened about seven years ago, has come to light. In that, a cheque of Rs 2 lakh 38 thousand bounced because there was not enough money in the account. In 2018, a film company filed a case against Verma’s company, which started this dispute. The owner of this company is Maheshchandra Mishra and this case has been going on for a long time.

Ram Gopal was sentenced for so long

Recently Ram Gopal Varma has faced financial crisis, he has not made any film for a long time and his business has been affected after Covid. His office also had to be sold. He was not present in a legal case of cheque bounce recently when it was being heard in a Mumbai court. Later the court pronounced the sentence against him, in which he was sentenced to three months. Ram Gopal Varma’s situation and problems have become serious, and now he is before the court to take a decision in this matter.

Bail has been granted on personal bond—

Ram Gopal Varma, a famous film director, was sued. The court has issued a non-bailable warrant for his arrest. Also, in another case, Ram Gopal Varma was ordered to pay a huge amount of Rs 3.72 lakh to the complainant. Non-compliance of this order will lead to a penalty. The filmmaker was earlier granted bail on a personal bond of Rs 5,000, but now his situation has become more difficult. There is still debate on this incident.

This person got punishment in check bounce case—

Film director Rajkumar Santoshi was sentenced to two years in jail by a court in a financial dispute of check bounce. He was accused of giving 10 checks of Rs 10 lakh to a businessman, but all the checks bounced one after the other. The case was related to a huge amount of Rs 1 crore, and the court sentenced him to two years imprisonment and double the amount, i.e. Rs 2 crore. Later he got bail and was discharged from jail. This case had become a big legal dispute for him, but Rajkumar Santoshi eventually resolved the matter.

Specific rules of check bounce

Check bouncing is a serious crime in India (check bounce hone par kya kre). For this, Section-138 of the Negotiable Instruments Act is special, which resolves disputes related to checks.

For violating the check bounce rules, the accused can get a sentence of two years or fine or both. The court can also ask the accused to pay double the amount of the cheque. This is an important matter in which the accused will have to go through the legal process.

A cheque is considered a guarantee –

In India, a cheque is used as a “written promise” i.e. a guarantee that the person making the payment will pay the cheque from the funds available in his bank. If the bank does not have sufficient funds in the account of the person issuing the cheque, it does not accept the cheque and rejects it. In such a situation, the cheque cannot be paid and the payment fails.

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