Bounced cheques

Bounced cheques: MD of pharma firm sent to jail

A local court on Friday sentenced the Managing Director of a pharmaceutical company to five months in jail and asked him and the firm to pay a fine of Rs 3.2 crore for issuing 16 cheques which were dishonoured.

Feb 28, 2014, 20:24 PM IST

Fine can't be more than twice the amount in bounced cheque: SC

Courts cannot impose a fine of more than twice the amount in bounced cheques, the Supreme Court has held, stressing that the limit is inviolable and should be respected.

Oct 16, 2013, 18:47 PM IST

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