×

quescheque bounced because of insufficient balance

Sir / Madam, A cheque issued to me (Amount is in a few tens of thousands) was returned back by the Payers Bank stating Insufficient Funds. I waited for a few days and deposited again however it again returned back for the same reason. Is this an offence done by the issuer and if yes, what actions are possible under the legal system. What legal rights does the Payee (i.e. myself here) have in such a case.

  • ansYes, you all the rights to get your money and also he can be punished for criminal offence. You must serve him a legal notice through a lawyer within 30 days of date of bouncing of the cheque giving 15 days to drawer to pay the amount,if he fail to pay within 15 days then you must have to file criminal complaint within 30 days thereafter under section 138 of N.I.Act.

  • Send/Reply To Legal Notice For Cheque Bounce With Expert Lawyers
    Know More

    Click here to see all Cheque Bounce Legal Services
  • Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Cheque Bounce Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.
  • Related Articles

Consult best Cheque Bounce lawyers in India

Similar questions

What is the time to Case file after cheque bounce....
Maine ek party Se cash mai loan liya uske against Maine blank cheque and promissory…
I am CKD patient. I am living in bangalore since 1 and half Year. I…
My salary cheque was rejected as my previous company not given my salary .Please give…

Cheque Bounce Lawyers in India

Advocate Prashant Mendiratta

  Lajpat Nagar 4
 Experience: 24 years


Advocate Jaspreet Singh Rai

  Greater Kailash 1
 Experience: 14 years


Advocate Harish Malhotra

  District Court
 Experience: 19 years


Advocate R C Mahajan

  Paschim Vihar
 Experience: 23 years


View all >>