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Cheque Bounce Under NI Act Section 138: Key Legal Steps Explained

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Bouncing a cheque can become a criminal offence under the Negotiable Instruments Act if the cheque was issued for a lawful debt and returned unpaid due to insufficient funds. Once a cheque is dishonoured, the payee has 30 days to send a formal notice to the drawer. The drawer then gets a 15-day window to repay the amount and resolve the matter. If no repayment is made within that period, the payee is entitled to file a legal complaint within one month of the notice expiring.

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Cheque Bounce Under NI Act Section 138: Key Legal Steps Explained · ShortSingh