Cheque Bounce Legal Notice

Cheque Bounce Legal Notice
The Negotiable Instrument Act, 1881 is applicable on dishonour of cheques where there is a payment liability of drawee.
The dishonour or cheque bounce is a criminal offence, under Section138 of the act,  and is punishable with monetary penalty or imprisonment up to 2 years or both
Cheque Bounce Legal Notice under Section 138 of Negotiable Instrument Act,1881 to be served upon the drawer of the cheque within 30 days from the date of  advice received from the drawee’s bank.
Reasons of Cheque Bounce
The reasons of cheque bounce can be as below :
A. Technical Reasons
B. Insufficient Funds Or Stop Payment
How to Issue a Cheque Bounce Legal Notice ?
Which are Legal Safeguards To Be Taken While Issuing Legal Notice ?
The legal strategy matters the most when it comes to drafting and serving a cheque bounce legal notice even under Section 138 of N.I.Act,1881
To know more about the cheque bounce legal notice, please connect on 

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