Dealing with a bounced cheque can be frustrating for any individual or business owner. However, the Indian legal system provides a strong remedy under Section 138 of the Negotiable Instruments Act, 1881.
Time is of the essence in these matters. You have a limited period to act, after which you may lose your legal right to file a criminal complaint.
In the video above, Advocate Ajay Malik of Delhi Law Advocates explains the three critical steps:
- Collecting the Original Cheque Return Memo from your bank.
- Sending a Statutory Legal Demand Notice within 30 days of receiving the memo. This is mandatory.
- Filing a Criminal Complaint before the competent Magistrate if the payment is not made within 15 days of the notice receipt.
Don’t navigate this alone. For expert legal assistance with cheque bounce cases in Delhi and Dwarka, contact us today for a consultation.