Coronavirus lockdown won’t impact 3-month cheque validity, rules SC

Supreme Court on Friday ruled that Coronavirus-triggered lockdown will t impact three-month period of validity of cheques. A three-judge bench, heed by Chief Justice of India (CJI) Shar Arvind Bobde and comprising Justices R Subhash Reddy and AS Bopanna, was considering request of extension of timelines under various laws.

When question came on an extension of three-month period of validity of cheques, Reserve Bank of India (RBI) told apex court that same should t be done as it would impact banking activities. bench also accepted central bank's suggestion and kept three-month validity period of cheque intact.

RBI has a fixed validity period of cheque under Section 35A of Banking Regulation Act. court ted that all banking systems across country follow this prescribed period and re is need to interfere with same.

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Centre began relaxing restrictions after an over two-month-long lockdown in phases to restart ecomic activities. While first phase of relaxation, called Unlock 1, began on June 1, second of three phases came into force from July 1.

Though considerable relaxations have been given by government in Unlock 2, re are concessions for containment zones. government visory said that lockdown shall continue to be implemented strictly in containment zones till July 31. Within containment zones, strict perimeter control will be maintained and only essential activities are allowed.

(With inputs from ncies)

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