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Lok Sabha Passes Bill Amending Negotiable Instruments Act

Parliament Passes Negotiable Instruments Amendment Bill With Provision For Interim Compensation.

Loksabha passed a bill aiming at allowing a court to try offences related to cheque bounce expeditiously and direct the drawee to pay a minimum of 20 percent of the cheque amount as interim compensation. The Negotiable Instruments (Amendment) Bill, 2018, which was passed in the Lok Sabha on July …

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