•Bollywood actor Rajpal Yadav is in Tihar Jail for a 9 crore rupee cheque bounce case, despite depositing 2.5 crore rupees.
•India's cheque bounce laws (Negotiable Instruments Act, 1881, Sections 138-143A) are strict, with penalties up to 2 years imprisonment, twice the cheque amount in fine, or both.
•A cheque bounce offense occurs if payment isn't made within 15 days of a demand notice, issued after a bank's 30-day notice.
•Courts can order interim compensation of up to 20% of the cheque amount, payable within 60-90 days, to provide quick relief to complainants.
•The law aims to maintain cheque reliability and prevent misuse, with the burden of proof often on the cheque issuer.
