Exclusive: Finance Ministry against decriminalising bouncing of cheques under Negotiable Instrument act; Cab Sec to take final call
Department of Financial Services (DFS) which comes under the Ministry of Finance is opposed to the suggestion of decriminalising offences related to cheque bouncing cases.
According to sources, majority of the public opinion received by DFS is against reclassifying bouncing of cheque into a civil offence. However, final call will be taken by the Cabinet Secretariat. Photo: PIB