A business has financial dealing with vendors and other people. Most businesses rely on cheques to complete the financial transaction. However, when you present the cheque to the bank, it can get accepted or rejected. Rejection of the cheque can result in a cause of concern. When the bank returns the cheque without paying due to various reasons, you must take legal action. A cheque bounce case can become a legal issue when the drawer’s account lacks sufficient funds. Other issues occurring due to overwriting, mismatch of the figures on the cheque, or wrong signatures are easily managed without legal intervention.
The cheque return case comes under Section 138 of the 1881 Negotiable Instruments Act. When you receive a cheque that does not pay the specified amount, you can follow two options. You can send the cheque issuer a demand notice.
When the issuer fails to respond to the notice after fifteen days, you must file a complaint in court. To ensure you complete the filing process without errors, you can get the check bounce penalty service from experts like Legal Dev. When you file a case with assistance from experts, you can get favourable results.