In a significant ruling, the Supreme Court of India has held that it is not mandatory for a complaint under the Negotiable Instruments Act to detail the specific administrative role of company directors in cheque dishonour cases. The verdict reinforces …
In the realm of financial transactions, cheques are a commonly used instrument to ensure payment security. However, issues often arise when a cheque, particularly a security cheque, gets dishonoured. A widely debated question is whether the dishonour of a security cheque can attract …
Starting April 1, 2025, the Government of India has implemented significant amendments to the Negotiable Instruments Act, focusing on cheque bounce cases. These updated rules aim to reduce financial fraud, increase accountability, and protect honest recipients of cheques. Here’s a comprehensive …
A cheque bounce notice is a crucial legal document issued under Section 138 of the Negotiable Instruments Act, 1881, when a cheque issued for payment is dishonoured due to insufficient funds or other reasons. This notice serves as the formal intimation …
Cheque Bounce New Rules 2025: Stricter Penalties, Faster Complaint Filing & Key Changes You Must Know Starting April 1, 2025, the Government of India has introduced significant amendments to the Negotiable Instruments Act, tightening rules around cheque bounce cases. These updates aim to …
In a significant ruling under the Negotiable Instruments Act, 1881, the High Court of Jammu & Kashmir and Ladakh has held that a minor typographical error in a statutory demand notice does not invalidate proceedings for cheque dishonour. The decision came …
A cheque bounce case occurs when a cheque, presented for payment, is returned unpaid by the bank due to insufficient funds in the drawer’s account. This is a criminal offense under Section 138 of the Negotiable Instruments Act, 1881, and can result …
When a notice is sent by registered post, there’s a legal presumption that it’s been duly served, meaning the recipient received it. This presumption is based on the assumption that the postal service will deliver the notice in the normal …
To file a cheque bounce case, first send a legal notice to the drawer within 30 days of the cheque bouncing, demanding payment within 15 days. If the drawer doesn’t pay within that timeframe, file a criminal complaint with the court …