vidhikarya

Cheque has always been a trusted mode of financial transaction. However, when a cheque gets dishonoured due to insufficient funds or other reasons, it can lead to a serious legal consequence under the Indian law. A cheque bounce complaint is not just a financial dispute, but it is a legal offence governed by the Negotiable Instrument   Act, 1881. It is very important to understand the legal framework and the right steps that are to be taken, especially for individuals and businesses in metropolitan areas like Kolkata, where such cases are increasingly common. All about Cheque Bounce Complaint A cheque is to have “bounced” when it is returned by the bank unpaid. The common reasons of a cheque to be called bounced include- ●        Insufficient balance ●        Signature mismatch ●        Overwriting ●          Closed account Anything like th...

This blog talks about how to file a cheque bounce case in India and why legal support from an experienced lawyer makes the process smoother and more effective. When a Cheque Bounces What Happens? In case you receive a bounced cheque, it is not merely ineffective payment but also a crime known as cheque bounce under Section 138 of the Negotiable instruments Act, 1881. It can be as a result of a lack of funds, a blocked payment or a closed account, whatever the reason you are entitled to go to court. Steps 1- Send a Legal Notice You will have to issue a legal demand to the issuer within 30 days after bouncing of a cheque. The notice must require payment to be done within 15 days. This is necessary and it has to be properly done. That’s where a lawyer for cheque bounce case can really help. Step 2: Filing the Complaint in the Court In case of payment failure within 15 days, then a complaint may be taken to the magistrate. Your attorney will assist in the preparation of the co...

Banking disagreements may be complex As a business owner or borrower, or even an individual with personal finances you may find yourself in an inconvenient situation when involved with banks. Whether it is the misled money, a loan not paid off or a cheque returned, one minor setback can get you entangled in legal matters. This is where a legal advisor for bank matters becomes valuable. They make you aware of your rights, work with the paperwork, and serve as your representatives in case the case reaches the court. When Cheque Bounces, Take Action A bounced cheque does not only constitute a money problem, but it is also a criminal offence as per Section 138 of the Negotiable Instrument Act. In case you receive a cheque that is returned due to insufficient funds, you are required to take immediate action, i.e. a legal notice within a period of 30 days and a complaint in case of no payment. A cheque bounce lawyer will guide you through this process. They understand presentatio...