Supreme Court Sets Aside Punishment in a Cheque Dishonor Case

On Wednesday, the Supreme Court ordered to set aside imprisonment and fine in a case of cheque dishonour under the Negotiable Instruments Act, 1881.  Background: The issue was between two parties, namely R. Balashanmugam (Petitioner) and N. P. Selvam (Respondent).  The petitioner had returned three cheques amounting to Rs.2.11 Lakhs due to insufficient funds. The

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