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A cheque bounce, also known as a dishonored cheque, occurs when a bank refuses to honor a cheque due to insufficient funds or other issues. Reasons for Cheque Bounce: 1. Insufficient funds 2. Signature mismatch 3. Cheque expiration 4. Stop payment instructions 5. Frozen account Legal Implications: 1. Negotiable Instruments Act, 1881 (Section 138) 2....
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Cheque Bounce Cases Lawyer in Delhi. Cheque Bounce Cases: A Comprehensive Guide A cheque bounce, also known as a dishonored cheque, occurs when a bank refuses to honor a cheque due to insufficient funds in the account or other reasons. In India, cheque bounce cases are governed by the Negotiable Instruments Act, 1881. Consequences of...
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