•Bollywood actor Rajpal Yadav sentenced to 6 months in jail for a cheque bounce case related to a 2010 film loan.
•Cheque bounce is a criminal offense if due to insufficient funds or exceeding bank limits, under the Negotiable Instruments Act of 1881.
•Conditions for a cheque bounce to be an offense include presenting the cheque within validity, sending a 30-day notice, and non-payment within 15 days of notice.
•Punishment for cheque bounce can be up to two years imprisonment, a fine up to twice the cheque amount, or both; interim compensation up to 20% of cheque amount can be ordered.
•Simply not repaying a loan is a civil matter, but fraud or cheque bounce during a loan can lead to criminal charges and imprisonment.
