KATHMANDU, August 7: The Supreme Court (SC) has issued a verdict to consider the cheque-bounce under criminal case, correcting its earlier decision of three years ago.
A full bench of Justices Anand Mohan Bhattarai, Anil Kumar Sinha and Sushmalata Mathema recently reversed the judgment passed by Justices Dambar Bahadur Shahi and Kumar Regmi on June 24, 2019. With the new SC verdict, the incidents of cheque bounce will be considered under the Banking Offense and Punishment Act 2008.
Rising cheque bounce cases plague commercial sector
A cheque-bounce is a type of cheque dishonoring in which a payer deliberately issues the monetary amount in excess to existing balance in bank account or other mismatches like overwritten cheque and adding false signature, among others. In the new provision, a cheque-bounce case will now be a criminal case where the government will be the plaintiff.
In recent days, the cases of cheque bounce have been on the rise. Out of 4,590 complaints registered under the banking offenses by Nepal Police in 2021/22, 80 percent were related to cheque bounce.
