How much time does a cheque bounce case take to conclude
07-Dec-2023 (In Cheque Bounce Law)
How long will it take for recovering Money from the cheque issuer whose cheque has been bounced?
It cannot be predicted but when Cheque is bounced within thirty days froxm return memo notice has to be send to the accused then based on reply case has to be filed fifteen days from the notice acknowledgement.
recoving money is civil dispute, whereas you can file case against the person who gave cheque by 138 NI ACT. It will give punishment alongwith maximum double the cheque amount as fine. The time period is depends the court that has bundles. Some cities having fast tract court for cheque bounses case. In this it takes minimum six months of time.
Firstly, send a notice to the drawer demanding the payment of cheque amount immediately. If the drawer doesn't make the payment within fifteen days of your notice then you can sue him by filing 138 complaint.
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