Cheque dishonour, commonly known as cheque bounce, is a serious financial and legal issue in India. Governed primarily by the Negotiable Instruments Act, 1881, cheque dishonour cases have increased due to the widespread use of banking instruments in business and personal transactions. Understanding the rights of both the payee (the person receiving the cheque) and…
Cheque Bounce Under the Negotiable Instruments Act:
A cheque bounce is one of the most common financial issues faced by individuals and businesses in India. With the rise of digital banking, one might think cheque-related disputes are decreasing—but in reality, bounced cheques remain a significant concern. Understanding the legal framework under the Negotiable Instruments Act,…