CHEQUE BOUNCE CASES

A cheque bounce could be a criminal offense stipulated underneath Section- 138 of the Negotiable Instruments Act, 1881. However, just in case of a cheque bounce, the aggrieved party will file a criminal further as a lawsuit against the defendant.16-Jan-2021. In keeping with Section 138 of the Act, the dishonor of cheque could be a criminal offence and is punishable by imprisonment up to 2 years or with a financial penalty or with each. If the receiver decides to proceed lawfully, then the drawer ought to run an opportunity of repaying the cheque quantity now.28-Jul-2020. As per the Negotiable Instruments Act, legal notice should be sent within thirty days from the date of cheque bounce. Thenceforth among 15+30=45 days from the date of causing the legal notice, the case should be filed. Just in case the case is filed beyond that point then identical shall be time-barred.

However, before you progress any such grievance; you will have to send a required notice of fifteen days from the date of check bounce. Any such grievance is often emotional at the place where the check has bounced. If the case goes to court the judge could take anyplace around a pair of to five years to require impact. The legal recourse for cheque bounce cases is simple in Indian Law under the negotiable instruments act. A cheque bounce could be a criminal offence stipulated underneath Section- 138 of the Negotiable Instruments Act, 1881. However, just in case of a cheque bounce, the aggrieved party will file a criminal further as a lawsuit against the defendant. The Supreme Court has commanded that the defendant shall deposit twenty percent of the quantity in question to plea against the order in a very cheque bounce case.