Advocate Sunil Nandal

Mobile No :8076048959 or+918800420067

Advt. Mohit Vashisht

Cheque Bounce Cases

Section 138 of the Negotiable Instruments Act 1881 is the main provision dealing with cheque bounce in India. The Act states that cheque bounce is a criminal offence and is punishable with an imprisonment of two years or with fine equal to twice the amount on the cheque, or both. Section 141 of the NI Act states that if an offence under Section 138 is committed by a company, then every individual involved in the discharge of liability will be responsible for the offence of cheque bounce.