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Cheque bounce and may move to court if not paid.


26-Aug-2026 (In Cheque Bounce Law)
Is it possible to get loan restructuring after cheque bounce if previous payment was made on time and how to draft a mail to be sent to lender inorder to prevent a court case and amicably resolve it.
Answers (1)

Answer #1
991 votes
If a cheque issued towards a legally enforceable debt has been dishonoured, proceedings under Section 138 of the Negotiable Instruments Act, 1881 may arise. Therefore, the borrower should not ignore any statutory demand notice. A prompt written settlement proposal can be made requesting the lender not to initiate or continue proceedings, subject to payment as mutually agreed. If a notice has already been received, the exact dates and circumstances should be examined before responding.
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