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What is procedure after cheque bounce
13-Feb-2023 (In Cheque Bounce Law)
The cheque which I was given has bounced. What do I need to do now?
After the cheque is bounced you are bound to send the concerned person a legal notice for initiating proceedings under section 138 of Negotiable Instruments Act.
If within 15 days the payment is not made you can register a complaint under section 138 of NI act which is a criminal proceeding. This needs to be filed within 30 days of the completion of 15 days of the notice delivery date.
Alongwith that you can file a recovery suit / summary suit in the concerned civil court simultaneously.
If within 15 days the payment is not made you can register a complaint under section 138 of NI act which is a criminal proceeding. This needs to be filed within 30 days of the completion of 15 days of the notice delivery date.
Alongwith that you can file a recovery suit / summary suit in the concerned civil court simultaneously.
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Adv. Siddhant Sharma
Delhi | 500+ Answers
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If Cheque is bounced then within fifteen days consult the lawyer with necessary papers. Before it get converted to legal notice and case it can be close with the support of both parties. . . .
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Adv. B. Sivasubramanian
Chennai | 200+ Answers
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You have to send a notice within one month from the date of return of the cheque. This notice can be sent by you or through your Advocate. The notice should contains all the details like the purpose why the cheque was issued, the date, number and the bank and the branch details. The return reason. Once the notice is received by the Party, he has 15 days time to make payment. After 15 days, you have one month time to file a criminal case against the Party. For more details contact me.
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Adv. Suchit Palande
Chennai | 200+ Answers
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