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A cheque bounce due to insufficient funds is considered an offence; What to do if that happens?

Cheque Bounce cases are one of the most commonly committed offences. Section 138 of the Act makes cheque bounce a punishable offence with a fine amounting to double the amount enclosed in a cheque and or imprisonment for a term not exceeding more than two years. Apart from insufficiency of funds, a cheque may bounce due to several reasons like expiry of the cheque, overwriting, image, signature miss match etc., but the Act only covers cheque bounce due to insufficiency of funds as to be stated in the banker’s memo. A suit for recovery of money payable through a negotiable instrument can be filed as a civil or criminal suit. . . . . . #reelvideo #reelsinstagram #reelviral #youtubeshorts #money #cheque #finance #lawschool #lawyers #law #restthecase

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