What should I do if a cheque bounces in India?

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Law Forum › Category: Cheque Bounce › What should I do if a cheque bounces in India?
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Apni Law Staff asked 1 year ago

What should I do if a cheque bounces in India?

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Best Answer

Apni Law Staff answered 1 year ago

If a cheque bounces in India, you should issue a legal notice to the drawer demanding payment within 15 days. If payment is not received, you can file a criminal complaint under Section 138 of the Negotiable Instruments Act. You can also pursue civil action to recover the amount.

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My neighbor, whom I don’t know very well, gave me a check from the J&K Bank. It bounced on July 13th, 2016. How can I protect my money? Should I file a criminal case against him directly? Do I need to send a notice first? Can I try to deposit the check again after a month? What’s the best way to handle this situation?

I had a single cheque bounce case filed against me. The police even registered it. But we both sorted things out before the first hearing. The other party gave me a court order showing the case was dropped. I asked his lawyer to return the bounced cheque, but he said it was useless now and the court wouldn’t accept it. Is he right?

When can we expect changes to the rules around bouncing cheques in India?

My friend borrowed money from me to give to someone who promised him a job. It’s been over 4 months and he hasn’t got the job or repaid the money. He keeps making empty promises and hasn’t paid up. I was patient at first, but I got frustrated and sent him a message using some strong language asking for my money back. Now he’s threatening legal action because of my language. All our transactions are documented online. I have a cheque from him that I’m sure will bounce. What should I do now?

If I win my court case, what are the next steps to get the money awarded to me by the judge?

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