Understanding Section 138 Cheque Bounce in India Have you received a bounced cheque from someone who owes you money? Or are you facing a cheque bounce complaint? You’re not alone. Thousands of Indians deal with cheque bounce situations daily, and understanding your legal rights is crucial. What is Section 138? Section 138 of the Negotiable … Read more
Avoiding punishment in cheque bounce cases requires proactive measures and careful financial management. A Bounced Cheque, governed by Section 138 of the Negotiable Instruments Act, can lead to serious legal consequences, including fines and imprisonment. You surely can avoid grave ramifications of Cheque Bounce situations by ensuing steps; Maintaining Sufficient Funds: Ensure your account always … Read more
In India, a cheque bounce case typically continues even after the death of the payee, though the process may involve adjustments due to the change in parties. Under Section 138 of the Negotiable Instruments Act, 1881, the dishonour of a cheque can lead to criminal proceedings if certain conditions are met, including the issuance of … Read more
YES, a cheque bounce case can indeed be compromised even after a conviction. The legal framework under Section 138 of the Negotiable Instruments Act, 1881, addresses dishonoured cheques, typically leading to criminal liability if certain conditions are met. However, the judicial system in India provides avenues for compromise even after a conviction has been pronounced. … Read more
In India, the punishment for cheque dishonour is primarily governed by Section 138 of the Negotiable Instruments Act, 1881. To hold someone criminally liable under Section 138, the following conditions must be met: Dishonor of Cheque: The cheque must be dishonoured due to reasons such as insufficient funds or exceeding the amount covered by the … Read more