Yes, you can be arrested in a cheque bounce case . The provision ensures that innocent people are not fooled by unscrupulous people in case of payments and that they do not escape or flee away from the country. Arrest can be to ensure presence in a Court of law or others. There is a sigh of relief for you as you can be out on bail if you assure your presence in Court when demanded. Dishonour of cheque is a bailable offence. A good criminal lawyer in India can help you get a bail.