The Negotiable Instruments Act primarily addresses cases involving dishonour of cheques that are within their validity period. The relevant section for criminal liability is Section 138, which deals with dishonour due to insufficient funds or exceeding the amount covered by the drawer’s account. Validity of Cheques A cheque is generally valid for three months from … Read more
To avoid issues related to cheque dishonour in India, it’s essential to take preventive measures and understand the legal and procedural aspects involved. Ensure Sufficient Funds: Always ensure that your bank account has enough funds to cover the amount of the cheque you issue. Verify Cheque Details: Verify all details on the cheque, including the … Read more
Digital cheques, also known as electronic cheques, are a modern evolution of traditional paper cheques. They represent a digital form of the traditional cheque and are used in electronic transactions. Digital Cheques Meaning: Digital cheques are electronic versions of paper cheques. They are used to transfer funds electronically, similar to how paper cheques are used … Read more
Filing a cheque bounce case typically involves several steps and legal procedures. Here’s a general guide by Cheque Bounce Advisor on how to proceed: Legal Notice: Firstly a legal notice is to be sent to the drawer of the bounced cheque, demanding payment within a specified period (usually 15 days). Cheque Bounce Advisor Team is … Read more
SC ORDERED THE TWO MEN TO SURRENDER WITHIN A MONTH SO AS TO SERVE THEIR TERM OF TEN MONTHS JAIL IMPRISONMENT IN A 16 YEAR OLD CHEQUE BOUNCE CASE A legal system cannot be allowed to be frustrated by flagrant disregard for judicial directives and financial obligations, the Supreme Court has said while ordering two … Read more
IN INDIA, the timeline for getting a court judgment on a cheque bounce case can vary widely depending on several factors such as; COURT PROCEEDINGS: The Court where the case is filed will determine the timeline based on its caseload and scheduling. Typically, cases go through several stages like framing of charges, examination of witnesses, … Read more
YES, with expertise services of CHEQUE BOUNCE ADVISOR Team, you can now easily settle your pending case/dispute for any cheque bounce related matter at any stage before the Court. The Supreme Court of India has clarified that in order to ensure the payment of cheque amounts promptly and to discourage frivolous litigation, all courts should … Read more
Despite the increasing popularity of digital payments and electronic transfers like UPI & NEFT/RTGS, issuance of Cheques continue to play a significant role in business transactions in India for several reasons: Wide Acceptance: Cheques are widely accepted by businesses and individuals across various sectors, including trade, services, and retail as they offer a simple and … Read more
YES, a complaint case under Section 138 of the Negotiable Instruments Act can be filed against the dishonour of a SELF written bearer cheque, provided it meets the criteria outlined in the section. Here’s how it applies: Section 138 of the Negotiable Instruments Act, 1881 pertains to dishonour of cheques due to insufficient funds or … Read more
There is no restriction regarding the number of times a cheque can be presented and that every subsequent representation and dishonor gives rise to fresh cause of action for filing complaint. The holder of cheque can approach Cheque Bounce Advisor (CBA) Team even after a single incident of cheque bounce and seek expert services for … Read more