Cheque Bounce Notice � Procedure, Punishment and Penalty
Leadindia0223 Sep, 2023Legal
According to the Negotiable Instruments Act, a cheque case is a serious crime that carries a prison sentence and a fine. To preserve his legal rights under the Negotiable Instruments Act, the drawer of the cheque must deliver the document within 30 days after the day it was dishonored. Cheque bounce or check non-payment is a serious infraction punishable in India by a fine or imprisonment, according to Section 138 of the Negotiable Instruments Act.
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