Dishonored Cheques: Difference between Section 489-F, PPC and Section 20(4) of Financial Institutions (Recovery & Finances) Ordinance, 2001

The elaboration sub-section (4) of section 20 of the Financial Institutions (Recovery and Finances) Ordinance, 2001 and provisions of section 489-F of P.P.C. are placed side by side. Section 489-F, P.P.C. Section 20(4) of FI(R&F) Ord. Whoever dishonestly issues a cheque towards repayment of a loan or fulfilment of an obligation which is dishonored on […]

Dishonored cheques is a Criminal offence under section 489-F Pakistan Penal Code

Back ground History of Section 489-F of Pakistan Penal Code: Back ground history of section 489-F, P.P.C is that the cases of frauds through issuance of cheques ‘dishonestly’ have been rampant in the country; therefore, appropriate legislation became desirable. In view of that, Ordinance LXXXV of 2002, was issued and promulgated by the President of[…..]