India's Negotiable Instruments Act Sees Drastic Drop in Cheque Bounce Cases

Despite being 140 years old, India's Negotiable Instruments Act recorded only 18 cheque bounce cases nationwide in 2024, predominantly from Jharkhand and Uttar Pradesh, raising questions about its current relevance.

25 May, 12:25 — 25 May, 12:25

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Times of IndiaMostly Factual2d ago

140 years old, only 18 cases in 2024: All about Negotiable Instruments Act

A surprising revelation surfaces as 2024 records show a mere 18 instances of cheque bounce nationwide, predominantly from Jharkhand and Uttar Pradesh. This significant drop brings into question the practicality of the Negotiable Instruments Act, 1881, a key element in the realm of commercial law.

By TOI LEGAL DESK

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India's Negotiable Instruments Act Sees Drastic Drop in Cheque Bounce Cases

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140 years old, only 18 cases in 2024: All about Negotiable Instruments Act

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