Cabinet clears ordinance to help litigants in cheque bounce case | business | Hindustan Times
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Cabinet clears ordinance to help litigants in cheque bounce case

business Updated: Jun 11, 2015 02:01 IST
HT Correspondent
cheque bonce

The cabinet has cleared an Ordinance to ensure that people facing cheque bounces can file cases at the place where the cheque was presented for clearance rather than the place of issue.

The ordinance will effect this change by amending the Negotiable Instruments Act.

A Bill to help the litigants in a cheque bounce case was passed by the Lok Sabha earlier this year but could not go through the Upper House.

“Eighteen-lakh such cases in various courts... The government had brought a Bill in this regard in Parliament. Rajya Sabha could not pass it. So to give relief to these people, government has brought this ordinance,” Union minister Nitin Gadkari said after the meeting.

The Negotiable Instruments (Amendment) Bill, 2015, was passed in the Lok Sabha in May this year seeking to overturn a Supreme Court ruling last year which said the case has to be initiated where the cheque-issuing branch was located.

Convention on managing sea pollution

India on Tuesday agreed to sign a major convention aimed at checking polluting from ships called as bunker fuels.

The cabinet approved the Indian Maritime Organisation convention that mandates every ship to carry a certificate from the government about insurance cover for pollution in case of an accident.

“The liability cover for pollution damage shall be equal to the limits of liability under the applicable national or international limitation regime,” the government statement quoting cabinet decision said.

Having an international arrangement to manage pollution from bunker fuels is an issue of debate and with India agreeing to the convention will result in a domestic regulation of managing sea pollution.