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cheque bounce case has been declared accutal what does that mean


03-Aug-2023 (In Cheque Bounce Law)
i want to know wat do you mean by case accutal of 138 act ni cheque bounce
Answers (1)

Answer #1
705 votes
Under section 138 Negotiable instruments Act a person can file a criminal complaint against the person who has issued a cheque which has bounced due to insufficient fund, closure of account or any other reason. A person if found guilty can be convicted and even would be liable to pay double the amount of bounced cheque.

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