Cheque Bounces Lawyer is an unlock to conversation means. The person issuing the cheque is called the drawer & the one receiving is called the payee & the bank that is being directed to pay is known to be the drawer. If a cheque is crossed then it is not negotiable by anyone else other than the payee only.
The party issuing the cheque will be committing an offense illegally if the cheque gets dishonored for the insufficiency of funds. Cheque Bounces Lawyer in Delhi offense is punishable with a term of custody for up to two existences or with a fine that’s twice as the amount of the issued cheque that gets bounced or both.
Hence, it is important for anyone to understand their human rights, tasks, and obligation with respect to Cheque Bounces Lawyer in Delhi and maintain enough funds to keep up with such financial discipline in order to avoid such situations.
- At our office, we have Cheque Bounces Lawyer in Delhi commerce Cheque bounce cases under Section 138 of The Negotiable Instruments Act. In order to initiate a case under section 138, three conditions should be fulfilled.
- a) The cheque has been obtainable to the bank within a period of three to six months from the date on which it is drawn or within the period of its soundness, either is previous;
- b) The payee or the holder in due course of the cheque, as the case may be, makes a demand for the payment of the said amount of money by giving a notice in writing, to the drawer of the cheque, (within thirty days) of the receipt of information by him from the bank regarding the return of the cheque as unpaid; and
- c) The drawer of such cheque fails to make the payment of the said amount of money to the payee or, as the case may be, to the holder in due course of the cheque, within fifteen days of the receipt of the said notice.
If all three clauses get satisfied then one can exercise the act under section 138.
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