Advocate For Cheque Bounce

• March 06, 2024
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Apart from insufficient funds, a cheque can bounce for reasons such as a mismatch in the signature, the cheque being post-dated, overwriting without proper authentication, or if the cheque is presented after the lapse of its validity period. When a cheque bounces, it is not just a financial inconvenience but also a legal matter. The holder of the bounced cheque can take legal action against the drawer under Section 138 of the Negotiable Instruments Act. The payee can send a legal notice to the drawer within 30 days of the cheque bounce, demanding the cheque amount along with any additional penalty or interest. If the drawer fails to make the payment within the stipulated time, the payee can initiate legal proceedings. In some cases, parties may choose to settle the matter through compounding, where the drawer and the payee reach an agreement, and the payee agrees to withdraw the legal proceedings. If you are looking for an Advocate For Cheque Bounce in District Court, then contact Advocate Nagmani Kumar.

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