Cheque Bounce case under 138 NIA Banking Law: Cheque bounce which comes under Section 138 Negotiable Instruments Act, which is not a criminal offence but can lead to criminal.
Legal Light Consulting have lawyers for the cheque Bounce issue in Delhi. We have Expertise in Handling Cheque Bounce cases efficiently. Our Cheque Bounce lawyers will file a suit for recovery of the amount of the cheque along with the cost and interest.
A criminal complaint can also be lodged. However, before filing a complaint, we serve statutory notice to the party for payment of the cheque in question.
Process of cheque bounce case
a) If a cheque is bounced, notice has to be sent to the opposite party within 30 days from the date of the memo accompanying the bounced cheque is received from the Bank.
b) The notice by the holder of the cheque should claim the amount for which the cheque has been bounced, providing 15 days to settle the matter.
c) The opposite party has 15 days from the receipt of the notice to settle the matter and no cause of action arises till the expiry of these 15 days or if paid within this specified period.
d) After the completion of said 15 days, if the opposite party does not settle the matter or ignores the notice, then the holder of the cheque may file a criminal complaint before the appropriate court within 30 days of the expiry of said 15 days.
e) If it is beyond 30 days period, the delay can be ignored by the court on sufficient cause being shown.
You may contact us for cheque bounce lawyers who can handle banking and cheque bounce-related matters in Delhi. Cheque bounce comes in criminal offence in Delhi.
So you must consult or should take legal Advice from an Expert Cheque Bounce lawyer or connect with our legal light consulting team.