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    Sudershan Kumar asked a question

    what will i do if my cheque has been bounced?

    Category : Cheque Bouncing

    views: 389followers: 0 answers: 2

    Login to Answer

    1. 6 yrs ago

      Advocate AKHIL VERMA
      Alternative Dispute Resolution

      consult to a lawyer for better advice, because you need to take bail and pay compensation.

    2. 7 yrs ago

      Advocate Shreya Bansal
      Criminal Law

      In case of cheque bounce, a demand notice is needed to be sent by the holder within 30 days of bouncing of the cheque to the party who wrote the cheque (the drawer), demanding him to pay the stipulated amount within 15 days or else proceedings will be initiated against him.

      For much better understanding on the topic click on the given link.
      https://www.easyadvocacy.com/LawStreetJournal/Dos-and-Donts-in-case-of-Cheque-Bounce-us-138-of-NI-Act1881

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