Legal Consultation for Cheque Bounce From Expert Lawyers in India In the current era, Cheques are used in almost all transactions, be the guarantee of loan recovery, Landlord tenant agreements, tenders, payment of salary to employees, payments of bills, in the trade, business and MSME sectorsetc. Cheques have become an integral part of our day to day transactions. What is a cheque A cheque is a negotiable instrument which has been defined under Section 6 of the Negotiable Instruments Act, 1881. The person who is the author of the Cheque is called the Drawer, the person in whose favour the cheque is signed is called the Payee and the bank which is directed to pay the amount is called the Drawee. INTRODUCTION The most common offence in todays financial world is the bouncing of cheques. According to the Supreme Court of India, there are close to 40 lakhs of cheque bounce cases pending in the court. Lack of funds in the account is one of the main reasons for dishonour of cheques.