Best Cheque Bounce Lawyer In Nehru Place Delhi

Best Cheque Bounce Lawyer in Nehru Place Delhi.

Cheque bounce, also known as dishonour of cheque, occurs when a bank refuses to honour a cheque due to insufficient funds or other reasons.

Types of Cheque Bounce:

1. Insufficient Funds

2. Signature Mismatch

3. Expiry of Cheque Validity

4. Stolen or Lost Cheque

5. Stop Payment Instruction

Cheque Bounce Procedure:

1. Issuance of Cheque: Drawer issues cheque to payee.

2. Presentation: Payee presents cheque to bank.

3. Dishonour: Bank refuses to honour cheque.

4. Notice: Payee sends notice to drawer within 30 days.

5. Complaint: Payee files complaint in court within 30 days of notice.

Cheque Bounce Laws:

1. Negotiable Instruments Act, 1881 (NI Act)

2. Section 138: Dishonour of Cheque

3. Section 139: Presumption of Dishonour

4. Section 140: Defence of Drawer

Consequences of Cheque Bounce:

1. Criminal Prosecution

2. Fine up to ₹1 lakh

3. Imprisonment up to 2 years

4. Damage to Credit Score

5. Civil Liability

Cheque Bounce Case Filing Process:

1. Filing Complaint: Payee files complaint in magistrate court.

2. Summons: Court issues summons to drawer.

3. Hearing: Court hears arguments from both parties.

4. Judgment: Court delivers judgment.

Cheque Bounce Case Documents:

1. Original Cheque

2. Dishonour Slip

3. Notice to Drawer

4. Proof of Service

5. Affidavit

Cheque Bounce Case Fees:

1. Court Fees: ₹100-₹500

2. Lawyer Fees: ₹5,000-₹50,000

Cheque Bounce Case Timeline:

1. Filing Complaint: 30 days from notice

2. Hearing: 6-12 months

3. Judgment: 1-2 years

Cheque Bounce Prevention:

1. Verify Account Balance

2. Ensure Signature Match

3. Use Cheque Validity Period

4. Avoid Stop Payment Instructions

Resources:

1. Reserve Bank of India (RBI)

2. Indian Banks' Association (IBA)

3. Negotiable Instruments Act, 1881

4. Legal Consultation

5. Cheque Bounce Case Lawyers