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Contact SupplierThe very act of paying someone by way of cheque without having enough money in the bank may land the drawer of the cheque in jail. Cheque Bounce occurs when the cheque presented to the bank returns unpaid. There have been various important changes in the way cheques are issued, bounced, and dealt with. As there is an increase in trade and commerce, the use of cheque has also increased and also cheque bouncing disputes. Cheques are a major part of transactions in the country. Cheques are used as a mode of payment for several purposes such as repayment of a loan, payment of salary, business transactions, etc. Issuing a cheque as a mode of payment also secure the proof for the payment and it is one of the most reliable modes of payment for many people. As businesses in India continue to go digital, the sanctity of cheque transactions continues, particularly for small and medium businesses. Cases of dishonor-of-cheques are a growing problem and can adversely impact SME’s and MSME’s growth and sustenance.
In case of a dishonored cheque, if there is no payment within 15 days of sending legal notice, you need to file a criminal complaint in Court to recover the amount. P4 Legal IP Associates will help you draft and file the cheque bounce case through an expert cheque bounce lawyer.
In a cheque bounce case, a legal notice needs to be sent first before filing of the complaint.
Timelines in a Cheque Bounce case
The legal notice must be sent within 30 days from the date of bouncing of the cheque.
The legal notice provides the cheque issuer 15 days from the date of receipt of notice to make the payment.
In case the drawer fails to pay within 15 days, then a criminal complaint is to be filed in the Court within 30 days from the expiry of the 15 days.
Established in the year 2018, we, P4 Legal IP Associates are a multi-disciplinary Indian law firm located in Gurugram (Haryana). We have a highly experienced team of advocates that are engaged in the formation of extraordinary legal strategies to match our client’s needs at any given point of time.
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We are specialized in providing civil litigation services, criminal litigation services, matrimonial case services, property dispute case services, RERA case services, business start-up registration services, trust registration services, trade license registration services, society registration services, RERA agent registration services, property registration services, MSME certificate registration services, ISI mark registration services, import & export code registration services, FSSAI certificate registration services, custom PR registration services, will registration services, agreement drafting services, agreement vetting services, copyright services, trademark services, patent services, graphic design services, IPR infringement services, and geographical indication services.
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Our aim is to become the most valuable legal services law firm in India. We put efforts to bring value to our clients first. We strongly believe that quality, reliability, simplicity, research, time, and ethical standards have no alternatives when it comes to legal matters. Our brilliant strategies, legal intelligence, and continuous research for every legal issue help us to achieve the ultimate aim.
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We are supported by a specialized team in the domains of intellectual property rights, commercial laws, civil laws, real estate laws, sales tax, contract laws, capital markets, insolvency & bankruptcy code, M&A, etc.
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We are entirely focused on attaining complete client satisfaction. We take pride to report that we have successfully rendered quality services to many of our clients since our formation. Hence, our firm earned a wide reputation in the market.
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