What Is The Procedure To Send Legal Notice On Cheque Bounce?

What is the procedure to send legal notice on cheque bounce?

Free Legal Advice - banking financial

Posted by: Prateeka Singh

Posted on: 2018-09-19

Under Section 138 of the Negotiable Instruments Act, cheque bounce or cheque non-payment in a serious offence in India punishable with imprisonment or fine. A Section 138 Notice must be presented to the cheque issuer within 30 days of return of cheque due to be valid. Its important to send the Cheque Bounce notice through registered post, so that the date of issuing notice can be recorded formally. One copy of the letter can be retained by the cheque’s beneficiary while the other copy is delivered to the cheque issuer through registered post. Once the case is filed, the court will hear the case and issue a summons under Section 138 of the Negotiable Instruments Act.

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