Experienced Cheque Bounce Lawyers in Noida: Protect Your Rights

Overview

A reputable legal firm, Legal Raahi's skilled counsel can handle and resolve instances involving dishonor and bounced cheques in Noida. When providing legal services, they uphold the greatest standards of ethics and civility. The solutions we offer our clients are appropriate and workable. These days, cheque bounce situations are rather widespread in India. Cheques are widely used for both receiving and paying payments. To submit the notification to the opposite party in the event of a cheque bounce or dishonor difficulties for whatever cause, get in touch with our Noida cheque bounce lawyers.

Best Representatives For Cases of Cheque Bounce

If the debtor paid you with a cheque that was either dishonored or bounced due to insufficient funds in the debtor's bank account, our Delhi, Gurgaon, and Faridabad cheque bounce lawyers will assist you in recouping the defaulted amount plus interest by pursuing all available legal options under section 138 of the Negotiable Instruments Act.

Before proceeding, we provide your debtor with the required notice. We also file the petition on your behalf as a pleader using a power of attorney. Similarly, You don't need to worry if the creditor has summoned you to court using section 138 of the NI Act; our knowledgeable attorneys will handle your case of cheque bounce effectively in court to prevent you from facing severe consequences.

In India, it is illegal to dishonor cheques or to have a cheque bounce in Noida. Therefore, don't take anything lightly and get in touch with our knowledgeable cheque bounce attorneys in Noida.

Legal Remedies That Are Available

Cheque bounce instances are a severe subject that can result in serious ramifications for the issuer, including in some circumstances, criminal prosecution. It's critical to comprehend the legal options open to you in these situations.

The person who paid or the holder of the dishonored cheque has several legal options according to the 1881 Negotiable Instruments Act. These options include bringing a criminal case against the cheque’s drawer, filing an application with the Tribunal for Debt Recovery (DRT), or bringing a civil suit to recover money. Before choosing a course of action, each remedy should be thoroughly studied since each has pros and cons of its own.

A civil lawsuit for money recovery aims to recoup charges as well as the amount of money that the drawer paid. If an individual named XYZ receives a cheque for Rs. 100 drawn from Bank A, the payee or holder may file a DRT application under Section 64 toward XYZ at Bank A to recover the payment (of Rs. 100) plus any associated charges. Following receipt of notification under Section 62, any account holder or cheque drawer may, according to Section 64, apply to the DRT for the reimbursement of the sum (Rs. 100) plus any associated charges.

What does Section 62's definition of notice mean? A notification according to Section 62 is one that the bank serves to an account holder requiring them to pay a specified amount shown on a cheque in cash. The affected party is only eligible for relief if the amount is paid within the time frame that the bank has set. The bank has to have served the individual with this notification.

What does "repayment order" mean? A payback order is a court order for the owner of an account to pay any amount of money that is past due to the bank to the court. It also comprises its balance on credit (the money deposited) and any debts owed to it by a third party.

Get A legalraahi Service

At LegalRaahi, we recognize the importance of understanding and navigating industrial disputes. Our experienced lawyers are here to provide guidance and support, helping you navigate these complex legal matters with expertise and efficiency.

What consequences can Cheque Bounce cause?

In addition to fines and penalties, a bounced Cheque can result in other negative outcomes, such as harm to one's credit report. The Act on Negotiable Instruments permits the payee to file a lawsuit against the Cheque’s issuer.

What is the Cheque Bounce penalty?

Depending on the specifics, the penalty of Cheque Bounce may differ, but it usually consists of a fee or punishment assessed by the bank and legal costs in the event that the payee chooses to file a lawsuit.

LegalRaahi
B-300 Saraswati Vihar, Pitampura,
Delhi, 110034

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