भारत में CHEQUE BOUNCE के मामलों में COURT में केस फाइल करने की समय सीमा निम्नलिखित है: नोटिस भेजने की अवधि: CHEQUE BOUNCE के बाद, DRAWER (जिन्हें चेक दिया गया है) को 30 दिनों के भीतर एक LEGAL NOTICE भेजना होता है। इस NOTICE में CHEQUE BOUNCE होने का कारण और NOTICE प्राप्ति के 15 … Read more
Small business firms often face financial challenges, and a cheque bounce can significantly impact their operations. Handling such situations effectively requires a strategic approach to minimize disruption and recover owed amounts. 1. Maintain Clear Records: The first step is to ensure meticulous record-keeping. Maintain detailed records of all cheques received, including dates, amounts, and payee … Read more
In India, handling the dishonour of a foreign bank cheque can involve several types of legal actions, each tailored to address different aspects of the issue. Civil Suit for Recovery: If a foreign cheque is dishonoured and the drawer owes money to the payee, a Civil Suit for recovery can be initiated. This involves filing … Read more
When a payment has been made to cover a dishonoured cheque but the holder refuses to return the original cheque, the drawer can take several legal steps to resolve the issue. DOCUMENT EVIDENCE: First, ensure that you have documented evidence of the payment made to the holder. This includes bank statements, receipts, or any correspondence … 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
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