Cheque Bounce Legal Notice-For Acceptance of Application

Cheque bounce legal notice are issued in matters where there is a failure of the acceptance of the instrument by the institution on which it has been drawn. There can be different reasons on the base of which it has been bounced. There might be a question in your mind about the meaning of the cheque bounce so let me tell you that under the negotiable instrument act of 1881, it means when the payee presents the cheque and it returns with a memo by the bank mostly because of lacks funds, it is termed as the cheque bounce. A cheque bounce is an offense that is punishable under section 138 of the negotiable instrument act 1881 which states that it will be punishable with a fine that can extend to two times the offense or both. There can be several reasons for the bouncing of the cheque but most frequently matters go to court when there is an insufficient amount in the account of the drawer of the cheque. When the bank rejects the cheque and returns it with a memo stating the reasons therein, in such situations payee can issue a legal notice format to the drawer demanding the cheque. When you receive such recovery money legal notice format, read it carefully with all due caution, if there is something that you cannot understand in the content of the notice go and visit the office of the nearest advocate. The cheque bounce legal notice will contain all the details relating to the matter in which need to file the reply to legal notice. The advocate will be of great help, you can file your reply to legal notice format by him, it is an important step in the cheque bounce case otherwise it can prove fatal to your case. There can be a variety of situations in which notice can be issued to the defaulter to showcase why not legal proceedings against him be initiated in case he does not pay the amount. The legal notice says in very firm language that if the amount is not paid to the payee within a reasonable period from the issues notice than legal proceeding will be taken against him. Let’s have a glance at when the legal notice format for recovery of money is issued. When a cheque has been made intentionally against the bank account which does not have the sufficient amount and the bank rejects the instrument drawn over the payee can issue a cheque bounce legal notice to the defaulter. You can ask advocate legal notice format for this purpose. When a cheque is drawn it must be presented for cash within the period of three months. Your cheque will get expired if it is not given to the bank for payment within three months and the expired cheque will bounce. Instead of issuing legal notice format for recovery of salary, you can ask for a replacement of the cheque with a new date the in proper case. When there is overwriting on the face of the cheque such as the amount statement or signature on the cheque is overwritten it will get a bounce. When you receive the cheque make sure it will be in safe custody. So that it will present in proper condition to the institution on which it has to be drawn. If the cheque has stains and marks over it, it will be rejected by the bank. You will receive the cheque bounce legal notice. If there is a mismatch of the amount and digits in the cheque it will bounce. Therefore, you need to pay attention to the details while drawing the cheque. There are some remedies that you can use in case cheques get bounced let’s have a look at them. When the cheque bounces because of the overwritten statement, the signature got mismatched, figures and words got mismatched or your cheque got damaged. The payee of the instrument can ask the drawer to issue another in place the of previous one. A civil suit can be initiated for the amount due. The draft legal notice for recovery of money is issued under the section the of negotiable instrument act when a cheque got bounced because of insufficient funds. If your instrument got bounced because of any other issue you cannot send cheque bounce legal notice. The payee needs to send a legal notice within 30 days of receipt of intimation of the cheque being bounced because of a lack of funds. After the receipt of the notice, a 15-day time must be given to the drawer. Even if the drawer does not reimburse the amount after 15 days, the legal proceeding can be initiated within 30 days from the expiry of a legal notice. On the expiry of the 15-day payment legal notice format, the payee can initiate legal actions in a court of law. The payee of the cheque can in case of failure of legal notice for repayment of a loan or any other cause register complaint under section 138 of the NI act. The cheque bounce legal notice is issued first, if you do not receive the reply to you can file a complaint because the bouncing of the cheque amounts to a criminal bounce. The complaint can be filed after 30 days on the expiry of the period of legal 15 days of the notice. Legal notice format India is used on the cheque bounce cases after those legal proceedings are initiated in the judicial platform of appropriate jurisdictions, let’s have look at a court complex in which a suit for cheque bounce can be filed. The complaint can be filled before the judicial magistrate in the following places: The cheque bounce legal notice case must be filed before the Metropolitan magistrate if, for instance, your legal notice to company format failed. The process to be followed in case of cheque bounce suits is mentioned below in points – The punishment for a cheque bounce legal notice case will be imprisonment for a term not more than two years or a fine which can be extended to twice the amount of your cheque, or it can be both. If you are looking for a legal notice format for recovery of money pdf it will be made available to you by the online platforms. The cheque bounce is also a case of money recovery. Here we will go have some basics of the legal notice, if you are wondering what is legal notice then let you know that it is the document that is issued to the person who is at default by the aggrieved person. In the matter against which the sender of the notice is going to file the suit if negotiations or proper course of action to reverse the default is not taken on time. The cheque bounce legal notice will contain the following elements do check them out below – This is what legal notice in India contains basically. By the registered Advocate Office address Place ----- Date: DD/MM/YY Subject: legal notice format under section 138 for the dishonor of cheque. To, Mr. ABC Address ----- Place ------ Respected Sir /Madam Under the instruction of my client and on his behalf this legal notice is being served upon you. If no proper remedy is provided to the cause within fifteen days of the receipt of the legal notice, the matter will be taken before the court of appropriate jurisdiction. The copy of the cheque bounce legal notice is kept by me in my office for future use in future. Your friend --------- Through advocate ------ Signature of the sender Onlinexbrl.com is the leading platform for legal services, Book your Consultation now. When is Cheque Bounce Legal Notice Issued?
Situations under which legal notice for recovery of money can be issued in Cheque bounce?
Insufficient funds in the account -
Expired negotiable instrument –
Overwriting on face –
Not in good condition –
Mismatch of digits and amount-
What could we do if cheques got bounced?
Replacement of the cheque-
Issuance of instrument notice under section 138 –
Notice Of Cheque Bounce –
Procedure to Be Followed After the Legal Notice -
Jurisdiction in Cheque Bounce Matters -
Process In Suits Of Cheque Bounce
What will be the Cheque bounce format for the recovery of money?
Sample legal notice for recovery of money –