Cheque Bounce Case Sec 138 - In Tamil

Call: 9941993399 for any clarifications or assistance Cheque Bounce Case - Sec 138 The Cheque (legally termed as Negotiable Instrument) was introduced in 17th Century. From that day, majority of the business transaction is through Cheques. At the same time there are plenty of Cheques Frauds are happening. For example, without having sufficient fund, the drawee issues the cheque to payee and it has become a event that the cheques are returning back because of insufficient fund. What is cheque bounce When a Drawee issues a cheque to the payee and the payee deposits the cheque in bank. Because of some reason the Drawer bank returns the cheque with a Return memo stating the reson for the same. This is called Cheque Bounce. Cheque bounce can happen because of the following reasons 1. Insufficient fund 2. Signature mismatch 3. Deposited after the expiry of cheque 4. Damaged cheque For the above reasons the cheques may be returned or bounced. The reasons were explained in this video in detail. How to file a Cheque bounce case Step 1: Send a Legal notice to the drawee immediately within 30 days from the date of issuance of return memo. Step 2: await for 15 days time for retuen of money Step 3: Failing which file a case under Section 138 of Negotiable Instruments Act. Documents Required 1. Orignal Cheque 2. Return memo 3. Legal Notice 4. Proof of consideration Punishment under Section 138 1. Penalty of twice the amount of money mentioned in the Cheque 2. One year of Imprisonment. For any clarification please feel free to call A.Arivazhagan Advocate Le Intelligensia 9941993399