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Dear Client,
Once the repayment of the loan stops or bounces for consecutive 3 occasions the Bank initiates a routine course of legal action for recovery of the loan from the borrower marking the loan as a bad loan/NPA and offering the borrower for one-time settlement of the outstanding loan before approaching the Court for recovery of the loan from the defaulted borrower. If a suit for recovery of an outstanding loan from the borrower is filed by the Bank/NBFC before a Civil Court/Debt Recovery

Dear Client,
Every applicant applying for a passport or visa must go through a thorough process called immigration screening or immigration background checks. Visa/passport authorities often conduct background checks on the documents presented by an applicant to establish strong ties to their home country. A person accused of a criminal offence and whose case is pending for trial before the Court may potentially affect and impact the processing of the passport/visa. The specific impact will dep

Dear Client,
A post-dated cheque leaf, voluntarily signed and handed over by the Drawer of the cheque, which is towards some payment, would attract presumption under Section 139 of the N.I. Act and on dishonor of the cheque, the cheque's drawer will be held accused under Sec. 138 of N I Act, 1938. Even, a stop payment instruction to the Bank from the drawer of the cheque which was issued towards the discharge of any contractual obligation would attract presumption under Section 139 of the N.I. A

Dear Sir,
It is not a tutorial to explain. Just go through the Bare Act and understand. Secondly you can such related articles and get updated your knowledge in respect of above cheque bounce cases.

Dear Client,
From the contents of the query, it appears that your husband become a victim of cheating and criminal conspiracy by his boss. Without entering into an agreement or contract or any kind of documentation behind the transaction of money, your husband went on meeting the demands of his boss blindly that put him to face the ordeals and the consequences now. However, still, you have some legal remedies to get back the lost money. In this context, I like to quote a sentence of your query "

Dear Client,
The MOU between you and the company has no role or significance when a cheque is drawn by a person and dishonored for any reason. When a person or a company issues a post-dated cheque against a promise or against any refund of money refundable by him or them and in the absence of any agreement, the cheque receiver holding the said cheque is free to present the same for encashment on any date and if the cheque is dishonored or bounced for any reason, then holder of the Cheque can fil

Dear Client,
A borrower of a loan or debt is held personally liable for his or her debt for non-payment of the outstanding amount of the loan. Once the repayment of the loan stops or bounces for consecutive 3 occasions the Bank initiates a routine course of legal action for recovery of the loan from the borrower marking the loan as a bad loan/NPA and offering the borrower for one-time settlement of the outstanding loan before approaching the Court for recovery of the loan from the defaulted bor

Dear Client,
Section 25 of the Payment and Settlement System Act 2007(PSSA), states that if an electronic transfer cannot be completed due to insufficient money or if an amount required to be paid out exceeds the limit on the credit card of the payer, the payer can be imprisoned or fined twice the amount or both similar to the dishonor of a cheque under the Negotiable Instruments Act 1881. Section 25 of the Act states that the payee, before filing a complaint under said Act to recover money, mu

Dear Client,
In the case of the issuance of cheques from joint accounts, only the person who signs the cheque can be prosecuted in a cheque-bouncing case under Section 138 of the Negotiable Instruments Act. When an individual signs a cheque is drawn on their own account to settle a debt or obligation, and the bank subsequently dishonors the cheque, it constitutes an offense under Section 138 of the Negotiable Instruments Act. Sec 138 does not explicitly address joint liability. In cases involvi

Dear Client,
When a person issues a post-dated cheque against a promise or against any refund of money refundable by her or him and the cheque receiver holding the said cheque is free to present the same for encashment. If on presentation the cheque is dishonored or bounced for any reason, then the holder of the Cheque can file a criminal suit against the drawer of the cheque under section 138 N I Act, 1938 within three months from the date on which it was presented in the bank and dishonored.