Legal Question in Business Law in India

Cheque bounce

If a cheque is bounced due to insufficient of funds, within how many days should I take action?


Asked on 3/18/09, 8:23 am

5 Answers from Attorneys
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: Cheque bounce

issue notice within 30 days from dishonour.

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Answered on 3/19/09, 11:03 am
Vishnu Langawat Vishnu Langawat & Associates

Re: Cheque bounce

Please note that within 30 days from the receipt of bank memo and returned cheque, you have to serve a Legal cum Demand Notice under Section 138 of NI, giving accused a time of 15 days to clear the outstanding. Failing which, you can file a criminal complaint within one month after expiry of 15 days.

Hope above answer your query.

Please consult local advocate/lawyer

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Answered on 3/18/09, 8:54 am
Sumit Mehta S 'n' S Law Offices

Re: Cheque bounce

You need to give Notice to the other party within 30 days from the receipt of Memo from the bank.

The date is mentioned on the memo.

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Answered on 3/18/09, 8:59 am
Pranav Desai PD Legal & Associates

Re: Cheque bounce

You have to give then a legal notice within 30 days from the date of intimation by the bank and providing the defaulter 15 days time for payment of money. Thereafter, you can file a complaint within 30 days.

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Answered on 3/26/09, 12:55 pm
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Cheque bounce

I agree with the answer given above.

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Answered on 3/18/09, 1:52 pm


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