You can send a legal notice to the issuer stating that, within 30 days of receiving the notice from the bank regarding the bounced cheque, if the issuer does not pay you, y...
Under Section 138 of the Negotiable Instruments Act, 1881, the penalties for cheque bounce can include:
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Imprisonment up to 2 years<...
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Issue a Demand Notice: The payee must send a legal notice to the drawer within 30 days of receiving the cheque return memo.<...
No, a cheque issued as a gift or without any legal liability cannot be the subject of a cheque bounce case under Section 138. The cheque must have been issued in d...
