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Cheque Bounce Penalties in India: Fines, ImprisonmentA cheque bounce is a serious offense in India under Section 138 of the Negotiable Instruments Act, 1881, carrying significant legal consequences for the issuer. Whether due to insufficient funds or other reasons, failing to honor a cheque can lead to penalties like fines and imprisonment. LawChef’s platform at www.lawchef.com/service/cheque-bounce connects you with cheque bounce case...0 Comments 0 Shares 67 Views 0 Reviews
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PENALTIES FOR CHEQUE BOUNCE IN INDIA: LAWCHEF EXPLAINS THE LEGAL CONSEQUENCESBy LawChef – Your Trusted Legal Partner in India At LawChef, we understand that a cheque bounce can lead to serious legal repercussions for the issuer, while offering a pathway for the payee to recover their dues. As of 03:01 PM IST on Monday, June 16, 2025, cheque bounce cases in India are governed by Section 138 of the Negotiable Instruments Act, 1881, with clear penalties for...0 Comments 0 Shares 40 Views 0 Reviews