Notice Period for Cheque Bounce case. Cheque bounce in Cuttack

510 votes

in cheque bounce case, when cheque is bounce and concern bank sent a letter thereafter within fifteen days u will make the demand notice to the person who issued the cheque and if that person will not make payment then u will file the complain case

Advocate Deepanjali Sahu LawRato

829 votes

Section 138 B of the Negotiable Instrument Act provides the provision for Demand Notice

b) the payee or the holder in due course of the cheque, as the case may be, makes a demand for the payment of the said amount of money by giving a notice in writing, to the drawer of the cheque, 20 [within thirty days] of the receipt of information by him from the bank regarding the return of the cheque as unpaid;


So in view of the mandate of Section 138 B of NI Act you have to send a demand notice to the payer of the cheque within 30 days from from the date of receipt of the information from the Bank.

Demand Notice within 30 days is mandatory so without wasting time send a demand notice as soon as possible.

LawRato LawRato