Best Cheque Bounce Lawyer in Tis Hazari Court Delhi
A cheque bounce, also known as dishonor of a cheque, occurs when a bank refuses to honor a cheque due to insufficient funds, mismatched signatures, overwriting, or other banking issues. This is a serious financial offense and can lead to legal consequences under the Negotiable Instruments Act, 1881, particularly Section 138. Legal Framework for Cheque Bounce Cases 1. Section 138 of the Negotiable Instruments Act, 1881 If a cheque is dishonored due to insufficient funds or any other valid reason, it is considered an offense. The payee (the person who receives the cheque) has the right to take legal action against the drawer (the issuer of the cheque). 2. Procedure for Filing a Case The payee must send a demand notice to the drawer within 30 days of receiving the…


