Ni Act Cheque Bounce Notice

Leadindia0219 Oct, 2023Legal

If someone writes a cheque in someone else's name and that cheque is returned when it is presented to a bank for withdrawal, it is legally known as cheque dishonor or, more generally, a cheque bounce. A cheque that bounces due to inadequate funds is subject to criminal provisions under Section 138 of the Negotiable Instruments (NI) Act of 1881.