The Negotiable Instruments (Amendment) Bill, which aims to cut down unnecessary litigation over bounced cheques, was passed by a voice vote. It allows a court trying a cheque bounce offence to direct the person who wrote the cheque to pay an interim compensation to the complainant. The bill amends the Negotiable Instruments Act, 1881.
Junior finance minister Shiv Pratap Shukla while moving the bill said it would bring down litigation and provide credibility to cheques and cut down delays in cheque bounce cases. “Banks will be helped by these amendments,” Shukla said an urged members to support the bill.
Congress leader Shashi Tharoor said it was an important legislation and called for a provision for “trial in absentia”.
He also urged the government to set up fast track courts to deal with cases of…