Currently there are over 2 million Cheque Bounce cases pending in Indian Courts,
But this is just Tip of the iceberg as there are many more Cheque Bounce cases were
aggrieved parties are not sure as what to do in such situation.
If a cheque is drawn by a person (cheque payee) on an account maintained by him for the
purpose of payment of money to another person (cheque holder) either to clear a debt or a
liability, but the amount drawn by the person to whom the money is owed is returned unpaid
by the bank then it is considered to be Cheque Bounce Case. Such a case of cheque bouncing
is punishable with imprisonment for a term which may extend to two years, or with a fine,
the amount of fine would be double the amount of the cheque. The first step in Cheque
Bounce case is to send a notice to the party and without this case cannot be filed in Court. Sending a notice is a must to initiate court proceeding as the opposite party is given a fair chance to either defend their position or correct their wrongdoing.
In fact, in majority of cases there is an out of court settlement after sending notice.
Some of the most common cases of Cheque Bounce has been non-payment to vendors, non-payment
of Salary, EMIs for personal loans etc. Also, any delay in sending legal notice weakens
your chances in court.
Ca4you-legal undertakes the job of sending the legal notice through our professionals
which ensures that you have sent a carefully drafted legal notice. Ca4you-legal also gives
you a second opinion on the already drafted legal notice to ensure that wordings are
correct. Complete process of sending Legal Notice in Cheque Bounce Case starts at
Rs 3,999/- at ca4you-legal.