There has been an increase in the number of cheque bounce cases piling up in the judicial magistrate courts of the city.
A large number of these result from complaints filed by banks and other financial institutions. At present, almost half of the criminal cases pending before them are cheque bounce cases registered under Section 138 of the Negotiable Instruments (NI) Act, according to the statistics provided by the District Legal Services Authority, Chennai.
P. Kalaiyarasan, Principal Sessions Judge said: “We have disposed 10,565 cases through Mega Lok Adalat. Still, 44,089 cheque bounce cases are pending in the courts. It is nearly half the mark in the total number of criminal cases, 90,238.”
“We are referring more cheque bounce cases to Lok Adalat. As banks and financial institutions come forward to reduce the interest amount or principal, the cases get resolved through the alternative dispute resolution method,” Mr. Kalaiyarasan said.
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