Filing Procedure for Cheque Bounce Case: Lawyers Advice
The Negotiable Instruments Act of 1881: As per the act, cheque has been defined under section 6 as the bill of exchange which is payable on demand by the applicant. A Cheque bounce is when there is dishonour of payments by the drawer when the cheque is submitted for payment by the drawee. The dishonour can be due to various reasons, some are clear overwriting on the cheque, insufficiency of the amount in the account used for payment, attestations on different documents do not match etc. Institution of a Criminal Suit for a Cheque Bounce CaseUnder Section 138 of Negotiable Instruments Act...
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