Legal Question in Banking Law in

What is cash cheque bounce law in pakistan

What is cash cheque bounce law in pakistan

What is cash cheque bounce law in pakistan


Asked on 1/26/11, 5:38 am

1 Answer from Attorneys

489-F. Dishonestly issuing a cheque: who ever dishonestly issues a cheque towards

repayment of a loan or fulfilment of an obligation which is dishonoured on presentation,

shall be punished with imprisonment which may extend to three years or with fine, or with

both, unless he can establish, for which the burden of proof shall rest on him, that he had

made arrangements with his bank to ensure that the cheque would be honoured and that

the bank was at fault in not honouring the cheque.

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Answered on 1/26/11, 8:02 am


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