CHEQUE BOUNCE MATTERS
CHEQUE BOUNCE MATTERS
- Where any cheque drawn by a person on an account maintained by him with a banker for payment of any amount of money to another person from out of that account for the discharge, in whole or in part, of any debt or other liability, is returned by the bank unpaid, either because of the amount of money standing to the credit of that account is insufficient to honour the cheque or that it exceeds the amount arranged to be paid from that account by an agreement made with that bank, such person shall be deemed to have committed an offence and shall, without prejudice to any other provision of this Act, be punished with imprisonment for a term which may extend to one year, or with fine which may extend to twice the amount of the cheque, or with both.
- An expert lawyer is a must be needed on the laws related to cheque bouncing and therefore, hiring our services will help both an aggrieved person as well as an accused to cancel errors that may result in causing financial or legal damage, which would ultimately be causing future legal proceedings only.