Cheque Bounce

A check that cannot be processed by the banks on account of various reasons such as Insufficient funds, mismatching Signature, overwriting etc is said to be a bounced cheque. It is one of the most common financial offences in India.

How is it going to impact you?

  1. Downgrading of CIBIL Score
  2. Penalization by the bank
  3. Civil and Criminal charges may be filed by the aggrieved party

Related Legal Provisions:

There is a window of 3 months from the date of the cheque to re-present it. In case the cheque bounces again, then legal proceedings can be initiated against the issuer within 30 days under following provisions:

  1. IPC Section 417 and Section 420: A non-bailable immediate warrant may be issued
  2. Section 138 of Negotiable Instruments Act (NIA): Imprisonment upto 2 years and/or fine upto twice the value of check amount, if proven as willful defaulter.

Get a lawyer for Cheque Bounce issues and cases.

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