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Negotiable Instruments (Amendment) Bill, 2017
July 25 , 2018
2190 days
775
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- Lok Sabha has passed Negotiable Instruments (Amendment) Bill, 2017 to reduce the number of cheque dishonor cases pending in courts.
- The bill amends Negotiable Instruments Act, 1881 to primarily address issues of dishonor of cheques and deal with the unnecessary delay in disposal of such cases.
- The important features of the bill are
- Interim compensation
- Deposit in case of an appeal
- Returning interim compensation
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