Cheque Bounce Advisor

Criminal Case for Dishonour of Outdated Cheque?

CHEQUES DISHONOUR

Criminal Case for Dishonour of Outdated Cheque? 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 … Read more

WHAT IS CHEQUE BOUNCE?

cheque bounce

In India, Cheque bounce is a criminal offence under Section 138 of the Negotiable Instruments Act, 1881(as Amended in 2018) punishable with imprisonment for a term which may extend to two years, or with fine which may extend to twice the amount of the cheque, or with both. When the holder of the cheque i.e. … Read more