A cheque bounce is not just a financial issue; it is a legal offense that can have severe consequences for the issuer. It is one of the most common financial disputes in India, affecting individuals, businesses, and institutions. When a cheque is dishonored, it can lead to loss of trust, financial distress, and legal complications for both parties involved. A bounced cheque disrupts cash flow, delaying crucial transactions and causing frustration for creditors. This issue is particularly serious in business environments where post-dated cheques or mutual agreements are common. In India, cheque dishonor is governed by Section 138 of the Negotiable Instruments Act, 1881, which provides legal protection to the payee. This law ensures that an issuer cannot escape liability by issuing a cheque without sufficient funds. Payees can file legal complaints against defaulters and seek financial compensation. Addressing cheque bounce cases swiftly is crucial, as delays can weaken the complainant’s position. At Lawyer in Ghaziabad, we offer expert legal assistance to ensure our clients recover their dues. Whether you are an individual, business owner, or creditor, our experienced legal team provides tailored solutions with precision, dedication, and expertise.
A cheque bounce is not just a financial issue; it is a legal offense that can have severe consequences for the issuer. It is one of the most common fi...
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