*Bounced but Not Broken: A Guide to Cheque Bounce Laws and Legal Remedies*
In commercial and personal transactions, cheques have been a tried and trusted instrument of payment for centuries. They symbolize trust, dependability, and financial obligation between two entities. But when a cheque is dishonoured, also referred to as cheque bounce, not only does it disturb the trust but also invites legal trouble under Indian law. Knowledge...
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1. Negotiable Instruments Act, 1881 (Section 138-142) A cheque bounce is treated as a criminal offense under Section 138 of the Act. ✅ Conditions for Filing a Case Under Section 138: The cheque was issued to discharge a legal liability or debt. The cheque was presented within 3 months (90 days) from the date on...
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