Cheque Returned Unpaid? Understand the legal rights and actions to take if they are breached.
One of the most frequently used financial instruments in business transactions, loan payments, rent payments and personal transactions is a cheque. But a bounced cheque may lead to financial difficulties and legal problems for the issuer and the recipient. On the other hand, the cheque bounce cases in India are governed by primarily by […]
Bounced Promises: Legal Accountability Under Section 138 of the NI Act
A cheque bounce is more than just a financial inconvenience—it’s a legal offense under Section 138 of the Negotiable Instruments Act, 1881. This law was designed to ensure the credibility of cheque-based transactions and protect the interests of payees. A cheque is said to have bounced when it is returned unpaid due to reasons like […]
“Cheque-Mate: Understanding the Consequences of a Bounced Cheque”
In the world of business transactions and financial dealings, a cheque is often considered a symbol of trust and a binding promise of payment. But what happens when that promise is broken? A bounced cheque—formally known as dishonour of cheque—not only disrupts cash flow but also carries serious legal consequences under Indian law. Whether you’re […]
