Cheque Bounce Legal Process

Summary

Under Section 138 of the Negotiable Instruments Act, 1881, a cheque must be presented within six months. If dishonored, the payee must issue a notice within 30 days. The drawer has 15 days to pay. If unpaid, a complaint can be filed in court within 30 days after the 15-day period.

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NI138 case Sample from bank side
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NI Act * cheques bounces Sample
Under the Negotiable Instruments Act, *, Section * deals with the dishonor of cheques. Here are some key points:
- A cheque must be presented within six months from the date it is drawn or within its validity period.
- The payee must issue a notice to the drawer within 30 days of receiving information about the dishonor.
- The drawer has 15 days to make the payment from the date of receiving the notice.
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Complete Suit
To file a suit under Section * of the Negotiable Instruments Act, * for cheque bounce, follow these steps:
*. Draft a Legal Notice:
- Issue a legal notice to the drawer within 30 days of the cheque bounce.
- Specify the amount, cheque details, and demand payment within 15 days.
*. Wait for Response:
- The drawer has 15 days to make the payment.
*. File a Complaint:
- If the payment is not made, file a complaint in the competent court within 30 days after the *-day period expires.
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