Section 138 of the Negotiable Instruments Act criminalizes such instances where a cheque issued h…
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Section 138 of the Negotiable Instruments Act criminalizes such instances where a cheque issued has bounced when it is presented before the bank for payment. The cheque needs to necessarily have been drawn on the account of the account of the drawer of the cheque and must have bounced by reason of there being a lack of sufficient funds.
When a cheque has bounced, it is necessary under Section 138 that a notice of the same is sent to the defaulter for giving him/her reasonable time to make payment of the amount. You must hire the services of the best Cheque Bounce lawyers in your locality to help you draft the notice at affordable prices.