In India, a cheque bounce is not just a financial inconvenience—it's a legal offense under the Negotiable Instruments Act, 1881. With an increase in cheque-based transactions, understanding the law governing dishonoured cheques is cruc...
Understanding Cheque Bounce Laws in India: Legal Remedies and Consequences
In India, cheque bounce cases are governed under Section 138 of the Negotiable Instruments Act, 1881. A cheque is said to be dishonoured or bounced when it is returned...