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.
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.
