Can you provide a succinct comparison of 'Cheque Bouncing' provisions in the Indian Negotiable Instruments Act, 1881 and United States law?
In India, under the Negotiable Instruments Act, 1881, 'Cheque Bouncing' is a criminal offence punishable with imprisonment up to two years or with a fine which may extend to twice the amount of the cheque or with both. While both India and the U.S consider it a serious issue, Indian law appears to be more stringent.