Loan Amount, Falsity of Defence Among Key Factors to Decide Fine on Cheque Bounce Convict: Karnataka High Court

In a major development regarding cheque dishonour cases under the Negotiable Instruments Act, the Karnataka High Court has laid down structured guidelines for Trial and Sessions Courts on how to determine the quantum of fine imposed on convicts. The Court highlighted several aspects to be considered while imposing fines in cases under Section 138 of the Negotiable Instruments Act, which deals with dishonour of cheques for insufficiency of funds. Factors…