Bouncing or Dishonor of Cheque
By Team Legistify / 2016-04-06
A cheque may bounce in the bank due to insufficient funds or any other reasons. When the cheque bounces, the bank sends a Cheque Return Memo regarding the cheque bounce.

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WHAT IS A CHEQUE?

A Cheque is a bill of exchange drawn upon a specified banker & not to be expressed to be payable otherwise than on demand. The following are the essential characteristics of a cheque:

  1. It has to be in writing
  2. It has to be an unconditional order
  3. Banker has to be specified
  4. Payment should be directed to a specified person
  5. It should be payable on demand
  6. It should be for a specific sum of money
  7. Should have the signature of the drawer

BOUNCING OR DISHONOR OF CHEQUE-

A cheque is said to be dishonoured or bounced when it is presented for payment to a bank but it is not paid because of some reason or the other. Cheque bouncing is a criminal offence in India. You can talk to the best cheque bounce lawyers in India to file a cheque bounce case.

A cheque may bounce in the bank due to insufficient funds or any other reasons. When the cheque bounces, the bank sends a Cheque Return Memo regarding the cheque bounce.

Have a Legal Issue?

Get connected to the Best Lawyers and Chartered Accountants Near You!


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