Cheque Bounce Case Sec 138 - In Tamil

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Cheque Bounce Case - Sec 138
The Cheque (legally termed as Negotiable Instrument) was introduced in 17th Century. From that day, majority of the business transaction is through Cheques. At the same time there are plenty of Cheques Frauds are happening. For example, without having sufficient fund, the drawee issues the cheque to payee and it has become a event that the cheques are returning back because of insufficient fund.
What is cheque bounce
When a Drawee issues a cheque to the payee and the payee deposits the cheque in bank. Because of some reason the Drawer bank returns the cheque with a Return memo stating the reson for the same. This is called Cheque Bounce.
Cheque bounce can happen because of the following reasons
1. Insufficient fund
2. Signature mismatch
3. Deposited after the expiry of cheque
4. Damaged cheque
For the above reasons the cheques may be returned or bounced. The reasons were explained in this video in detail.

How to file a Cheque bounce case
Step 1: Send a Legal notice to the drawee immediately within 30 days from the date of issuance of return memo.
Step 2: await for 15 days time for retuen of money
Step 3: Failing which file a case under Section 138 of Negotiable Instruments Act.
Documents Required
1. Orignal Cheque
2. Return memo
3. Legal Notice
4. Proof of consideration

Punishment under Section 138
1. Penalty of twice the amount of money mentioned in the Cheque
2. One year of Imprisonment.

For any clarification please feel free to call
A.Arivazhagan
Advocate
Le Intelligensia
9941993399