Connect with us

April 28, 2024 12:02 PM

Of Law & Legal

Cheque Bounced & Cheque Dishonoured – Can You Land In Jail?

Published

on

Cheque Bounce
Read Time: < 1 minute

Cheque Dishonoured happens due to irregular sign, wrong date, etc, but Cheque Bounce occurs only due to insufficient funds.

Cheque Bounce

If the cheque issuer fails to make a fresh payment within “30 days” of receiving the notice, the payee has the right to file a criminal complaint under “section 138” of the Negotiable Instrument Act.

Cheque Dishonoured

Cheque Dishonoured

Cheque Dishonoured

According to “section 138 “of the Negotiable Instrument Act, Cheque Dishonoured is a criminal offense; its punishable by imprisonment for up to two years with a penalty, which is twice the cheque amount.

 

 

Digital Borrowers – Do You Know Your Rights & Exercise Them?

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Bridging Points Media

loading...

Samachar Hub

Ukalodisha

Coupons Universe

Newsletter








































Which is the better movie Seabiscuit or Secretariat?
VoteResults