Monday, June 27, 2022

Check Bounce Cases: If a check bounces, it’s a bad sign, according to the Supreme Court. This work will begin on September 1st.

Examine Bounce Cases: The Supreme Court has taken notice of the rising number of check bounce instances. It has been ordered that special courts be established in five states on behalf of the Supreme Court. After September 1, 2022, these courts will be operational.

Check Bounce Cases: When a check bounces, the court already has very rigorous rules in place. It is not good if your or any of your relatives’ or friends’ check bounces. From September 1, the Supreme Court has ordered the creation of special courts comprising retired judges in five states to expedite the resolution of check bounce cases.

Special courts will be established.
Due to the enormous number of pending cases in Maharashtra, Delhi, Gujarat, Uttar Pradesh, and Rajasthan, special courts will be established under the Negotiable Instruments Act, Justices L. Nageswara Rao, BR Gavai, and S Ravindra Bhat all agree.

After September 1, 2022, special courts will be established.
‘We have embraced the views of the amicus curiae about the establishment of pilot courts,’ the bench added. We’ve also set a time limit for this. It will start on September 1, 2022. The court’s general secretary will decide whether a copy of the current ruling should be forwarded straight to the registrar general of these five high courts, who can then offer it to the chief justices for quick action, according to the bench.

Read More: EPFO: Announced, interest money will come in the account of PF employees on this day, check soon.

By July 21, 2022, an affidavit must be filed.
The Supreme Court instructed its General Secretary to notify the Registrar Generals of these states’ High Courts of its order. He has also been ordered to provide an affidavit on compliance with this order by July 21, 2022. Significantly, the amicus curiae proposed that every district have a court with retired judges as a pilot experiment.

The hearing on this case will now take place on July 28. The Supreme Court has ordered that a huge number of check bounce cases be resolved immediately after learning of their existence. As of December 31, 2019, there were 35.16 lakh such cases.

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