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Cheque bounce is a criminal offense under Section 138 of the Negotiable Instruments Act, 1881. It occurs when a check is returned by the bank unpaid.
Lawyers specializing in NI Act cases help in recovering money by filing criminal complaints against the issuer of a dishonored check.
Section 138 has very strict timelines for sending notices and filing cases. A lawyer ensures that you don't miss these deadlines and helps in the swift recovery of the check amount with interest.
Talk to a SpecialistThe process involves sending a statutory demand notice within 30 days of the bounce, followed by filing a criminal complaint in the Magistrate Court if payment isn't made.