Karnataka High Court has set a limit on fines in cheque bounce cases, stating trial courts cannot impose penalties exceeding double the dishonoured cheque amount. This ruling came as Justice V Srishananda partly allowed an appeal by an agriculturist fined Rs 7.65 lakh after her Rs 3.8 lakh cheque bounced.Fine can’t exceed twice the value of bounced cheque, says Karnataka HC
Karnataka High Court has set a limit on fines in cheque bounce cases, stating trial courts cannot impose penalties exceeding double the dishonoured cheque amount. This ruling came as Justice V Srishananda partly allowed an appeal by an agriculturist fined Rs 7.65 lakh after her Rs 3.8 lakh cheque bounced.
