When Should You Hire a Cheque Bouncing Lawyer

A cheque is a type of financial document that instructs the bank to transfer a specific amount of money from one person ' s account to the account of the person in whose name the cheque was made or issued. It is a secure method of transferring funds that reduces the possibility of theft or loss. However, it may result in significant banking fraud, such as check bounce. The dishonor of a cheque is a criminal offense in India, punishable by imprisonment of up to 2 years or with a fine or both. If you receive a bounced cheque or someone has issued a notice for a cheque bounce against you, or if you have been given a court summons for a 138 Negotiable Instruments ACT (NIA) complaint against you, you need to hire a cheque bouncing lawyer.

Reasons for Cheque Bouncing

There are various reasons for cheque bouncing.

Signature

The cheque bounces if the signature of the drawer is missing or if there is a difference in signature. Deficient balance

The cheque will bounce if the drawer has stated a higher sum of money in the cheque than in their bank account.

Account number

The cheque bounces if the drawer’s bank account number is not legible, missing, or blurred.

Name

If the name of the drawees or the payees is not the same as the name of the payee ’ s bank account, the cheque will automatically bounce.

Overwritten

If you have overwritten anything on the cheque, it will get bounced automatically.

REASONSFORHIRINGA CHEQUEBOUNCING LAWYER

To recover the amount.

If someone made a payment to you via a cheque that has been dishonored or bounced due to insufficient funds, you can contact a cheque bouncing lawyer. The lawyer can help you take necessary legal measures under section 138 of the NIA to recover the amount with interest. Send notice

If you hire an experienced cheque bouncing advocate, they can help you by sending a statutory notice to the drawer before taking any other step.

Protect you from the legal issue.

If you issued a check to someone that bounced, you can hire an efficient cheque bouncing lawyer to get a court summons under section 138 of the NIA.

Hiring a cheque bounce lawyer is the smart choice as they will protect you from massive liability by efficiently managing your cheque bounce case charges in court.

Conclusion

Cheque bouncing is typical; however, you must take it seriously and contact a cheque bouncing lawyer to help you.

Vakilkaro has the best team of cheque bouncing advocates who can walk you through the complicated legal process and help you get your money back or minimize your legal trouble.