Govt withdraws Negotiable Instruments Bill in Rajya Sabha

The government on Friday withdrew a Bill in Rajya Sabha, on which an ordinance was issued last month to enable people file cheque bounce cases in the place where it is presented for payment and not the place of issue.

The motion for withdrawal of the Negotiable Instruments (Amendment) Bill 2015 to further amend it was tabled in the Upper House on July 21 and after the concurrence from Lok Sabha, it was finally withdrawn on Friday. Amid continuous din over the Lalit Modi controversy and Vyapam scam, Finance Minister Arun Jaitley moved the motion to withdraw the Bill, which was adopted by a voice vote. The Bill was passed by Lok Sabha on May 13 this year and tabled in the Rajya Sabha on the same day.

On June 10, the Centre had cleared an ordinance to further amend the Negotiable Instruments Act.