Cheque Dishonored
🚨 Cheque Bounce? Know Your Legal Remedy under Section 138 NI Act
A dishonoured cheque isn’t only a financial problem—it has serious legal consequences under Section 138 of the Negotiable Instruments Act, 1881.
As a Litigator in Faridabad, I, Advocate Harsh Hooda, regularly assist clients in cheque bounce cases to protect their financial rights. Here’s a quick guide:
✅ Cheque Dishonour – When a cheque is returned unpaid due to insufficient funds or exceeding arrangement.
✅ Legal Notice (within 30 days) – A demand notice must be sent to the drawer, giving 15 days to make payment.
✅ Waiting Period – The drawer has 15 days from receipt of notice to clear dues.
✅ Filing Complaint – If unpaid, a case under Section 138 NI Act must be filed within 1 month after the 15-day notice period in the Magistrate Court.
✅ Documents Needed – Original cheque, bank return memo, copy of legal notice, postal proof, and affidavit.
✅ Court Action – The Magistrate may take cognizance and issue summons to the drawer.
⚖️ Why it matters: Cheque bounce is not just a civil dispute—it attracts criminal liability. Timely action is crucial to enforce your rights and recover dues lawfully.
đź“Ť If you need legal assistance in Faridabad for cheque bounce cases, litigation, or business law matters, feel free to connect with Advocate Harsh Hooda.
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