Cheque Bounce Lawyer in Delhi.

In the modern business world, cheques are often used as a means of payment due to their convenience and widespread acceptance. However, there are instances when a cheque bounces, or is dishonored, due to insufficient funds, closed accounts, or other issues. A bounced cheque can cause significant financial and reputational damage to businesses and individuals. If you find yourself in a situation where you are facing a bounced cheque or have been accused of issuing one, it is crucial to seek legal advice and representation from an experienced lawyer specializing in cheque bounce cases.

At our law firm, we provide expert legal services to clients facing issues related to cheque dishonor. Whether you are the drawer (the person who issued the cheque) or the payee (the person attempting to deposit the cheque), we are equipped to help you navigate the legal complexities of such cases.

Understanding Cheque Bounce Lawyer

Section 138, Negotiable Instruments Act of 1881, provides that issuing a dishonored check can result in criminal and civil charges. This law was designed to give the payee a quick, effective remedy when a check is returned for insufficient funds or any other valid reason.

The payee of a bounced check can file a criminal case against the person who deposited the check. The complaint could lead to harsh penalties such as imprisonment, fines or both. To comply with the law, the payee is required to send a legal notification within 30 days after receiving the information regarding the non-payment of the check. This gives the drawer a chance for rectification by paying the due amount. The payee may file a lawsuit if the drawer does not make payment within 15 calendar days after receiving the notice.