Rightly so, the parliament has amended the Negotiable Instruments Act and categorised the act of dishonour of cheque like a criminal offence and is particularly punishable by imprisonment up to two decades or with monetary penalty or with both equally.
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It is important to understand that the complainant has got to establish ‘lawfully enforceable personal debt’, when the accused can verify the cheque was provided simply as being a safety deposit. If the accused is successful in proving the same, then they've improved odds of acquittal.
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