Adv. Sarika Khude
Responded 3 years ago
A.Cheque bounce notice must be issued by the payee to the defaulter, within 30 days of dishonor of cheque.
Helpful
Helpful
Share
Viswanath M K
Responded 3 years ago
A.Notice may be given for offence under Sec. 138 of NI Act, giving a space of fifteen days to the vendor. You may also consider filing a summary suit for recovery of the amount.
Helpful
Helpful
Share
Advocate Niyas Fazal A
Responded 3 years ago
A.Yes you can send legal notice.
Helpful
Helpful
Share
A.Hai,
The drawee issues a cheque bounce notice to the drawer within 30 days from the cheque dishonour. The notice must consist of information relating to the nature of the transaction, the amount specified, the date on which the cheque is deposited, the date on which the cheque is dishonoured, the reason behind cheque bounce and to request the payment of the amount (that was dishonoured by the bank) within 15 days from the receipt of such notice. The cheque bounce notice must also include the details of the drawer, and it should specify that the cheque was presented within the validity period; it should also specify that the cheque was not given as a loan or a gift but for discharging the debt. If the drawer makes the payment after receiving the cheque bounce notice, then there is no need to file a case against the drawer. If the legal notice is not taken seriously by the drawer, then it may give rise to legal action. If you find this helpful, please rate us
The drawee issues a cheque bounce notice to the drawer within 30 days from the cheque dishonour. The notice must consist of information relating to the nature of the transaction, the amount specified, the date on which the cheque is deposited, the date on which the cheque is dishonoured, the reason behind cheque bounce and to request the payment of the amount (that was dishonoured by the bank) within 15 days from the receipt of such notice. The cheque bounce notice must also include the details of the drawer, and it should specify that the cheque was presented within the validity period; it should also specify that the cheque was not given as a loan or a gift but for discharging the debt. If the drawer makes the payment after receiving the cheque bounce notice, then there is no need to file a case against the drawer. If the legal notice is not taken seriously by the drawer, then it may give rise to legal action. If you find this helpful, please rate us
Helpful
Helpful
Share
Ayantika Mondal @ Prime Legal
Responded 3 years ago
A.Hai,
Cheque bounce notice must be issued by the payee to the defaulter, within 30 days of dishonor of cheque, by registered post (or Speed Post) acknowledgement due. The cheque bounce notice must be proper format, with information like nature of transaction, amount, date of cheque deposit, date of cheque bounce, reason for cheque bounce and request to make payment within 15 days. If the cheque defaulter fails to make payment within 15 days of cheque bounce notice, the payee should file a criminal case in a court within 30 days from the expiry of notice period of 15 days. Cheque bounce complaints must be filed in a court in the city where the cheque was presented. Once the case is filed, the court will hear the case and issue summons under Section 138 of the Negotiable Instruments Act. The cheque defaulter would then have to submit surety and appear before the Court for resolution of the matter. If you fidn this helpful, please rate us
Cheque bounce notice must be issued by the payee to the defaulter, within 30 days of dishonor of cheque, by registered post (or Speed Post) acknowledgement due. The cheque bounce notice must be proper format, with information like nature of transaction, amount, date of cheque deposit, date of cheque bounce, reason for cheque bounce and request to make payment within 15 days. If the cheque defaulter fails to make payment within 15 days of cheque bounce notice, the payee should file a criminal case in a court within 30 days from the expiry of notice period of 15 days. Cheque bounce complaints must be filed in a court in the city where the cheque was presented. Once the case is filed, the court will hear the case and issue summons under Section 138 of the Negotiable Instruments Act. The cheque defaulter would then have to submit surety and appear before the Court for resolution of the matter. If you fidn this helpful, please rate us
Helpful
Helpful
Share
Read Related Answers
Cheque Bounce - Section 138 Negotiable Instruments Act
Dear Client,
Unlike a civil summons, which initiates a lawsuit, a criminal summons doesn't trigger the criminal proceedings. It simply serves as a formal notice notifying the accused of the charges a...
the judiciary system
Dear Client,
It may please be noted that you have already responded to almost the same query twice in the portal earlier once on 06/04/2024 and again on 08/04/2024. So, it is recommended to avail of o...
cheque bounce case
Dear Sir,
You have to contest the case hardly and putforth all the evidences to show that the cheque and promissory note were not issued for any consideration and all the amounts were cleared.
Cheque bounce case
Dear Sir,
You have to contest the case hardly and putforth all the evidences to show that the cheque and promissory note were not issued for any consideration and all the amounts were cleared.
138ni act
Dear Client,
A promissory note is a legally binding promise to repay a debt. Promissory note laws vary by state, but they typically include the loan amount, loan terms and signatures from both the le...
Read Blogs on Cheque Bounce
Cheque Bounce Lawyers
Find Lawyers by Location
