Section 138 of the Negotiable Instruments Act is a powerful tool for debt recovery, treating cheque bounce as a criminal offense.
The Golden 30-Day Rule
Once the bank returns the cheque (Memo), you MUST send a legal demand notice within 30 days. The debtor then has 15 days to pay. If they fail, you must file a complaint within the next 30 days.
Legal Conclusion
Every case is unique. While this guide provides a general overview of Check Bounce Notice: Section 138 NI Act Explained, proceeding without specific legal counsel can be risky.
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