Dear Sir/Madam,
Could you please advise on the steps to take if a cheque bounces in India?
Thank you.
1 Answers
Best Answer
If a cheque bounces in India, you must send a legal notice to the drawer within 30 days of the cheque being returned unpaid. If the drawer fails to pay within 15 days of receiving the notice, you can file a criminal complaint under Section 138 of the Negotiable Instruments Act, 1881.
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