Cheque Bounce Case
Expert Legal Consultation for High-Value and Complex Cheque Bounce Cases (Negotiable Instruments Act)
Corporate Counsel Annual Members get advisory related to all cheque bounce issues whether be it guarantee of loan recovery, landlord-tenant agreements, tenders, payment of salary to employees, payments of bills, contractual obligations, etc.
We work with tech, finance, gig and e-commerce startups.
Cheque Bounce as an Offence u/s 138 of Negotiable Instruments Act
- There must be drawn a cheque on an account maintained by a person owning money, in a bank for payment of a certain amount of money to another person from out of that account.
- That cheque should have been presented to the bank within a period of six months.
- That cheque was returned by the bank unpaid, either because of insufficient funds or any other mentioned above.
- The payee or the holder in due course of the cheque makes a demand for the payment of the said amount of money by giving a notice prescribed in Cheque bounce law i.e. Section 138 of N.I. Act in writing, to the drawer.
The drawer of such cheque fails to make payment to the payee within 15 days of the receipt of the said notice.
End-to-end Legal Support with Cheque Bounce Cases
File or defend a criminal or a civil suit in the court of law as per the provisions of Negotiable Instruments Act, 1881.
Advisory regarding resubmission of the same cheque within 3 months from the date of its issue if there's a less chance of dishonour of payment.
- Draft and send a formal demand legal notice within the stipulated time of 30 days and provide caution about legal action as per the Negotiable Instruments Act.
- In case of defence, our team will draft a strong reply notice to the demand letter.
- In case of litigation, draft a complaint with all relevant documents such as photocopies of the cheque returned by the bank, memo, copy of the legal notice for demand sent to the drawer and the acknowledgement slips/ receipts, written complaint, and letter of oath.
Need a Cheque Bounce Lawyer in Bangalore?
CorporateCounsel is a boutique corporate law firm with experienced lawyers who have successfully handled and settled cheque bounce and dishonour cases in Bangalore and Chennai. Having highest level of integrity & professional ethics, the team has delivered exceptional legal services to the startups, SMEs and emerging businesses.
Cheque bounce cases have become a routine matter in the businesses as cheque is a preferred form of payment in trading and other business activities.
Incase of any cheque bounce or dishonour issues for whatever reason, reach out to our specialised cheque bounce lawyers in Bangalore to assist in sending or replying to the legal demand notice to the opposite party.
Common Reasons for Cheque Bounce:
Generally, a cheque may get dishonoured for any of the reasons below:
- Insufficient Balance: A common reason for bounce of a cheque due to insufficient funds.
- Mismatch in Signature: The bank might reject the cheque if the signature on the cheque does not match with the drawer’s signature on the record.
- Account Number: Unreadable, blurred, or the cheque leaf is not based on CTS (Cheque truncation system) 2010 standard.
- Mismatch of Amount in Words and Amount in Figures: Another reason for dishonour of cheque.
- Alterations or modifications: If any tampering is found on the cheque without proper consent.
Consult with Expert cheque bounce Lawyers in Bangalore. Easy connect with cheque bounce Lawyers from Bangalore. Quick Phone Consultation.
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