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The Negotiable Instruments Act, 1881, Section 138, governs cases involving returned checks. When a bank doesn't honor a payment, a check bounces. A check is said to have been dishonored or bounced when the bank returns it unpaid. Wrong signatures, mismatched numbers on the check (both in words and figures), and overwriting are a few of the causes. These are minor problems that can be resolved without the involvement of the court. When a check bounces because there aren't enough money in the drawer's account, it's a big deal. There are two choices available to you if a check you received bounces. After sending the person a demand notice and waiting 15 days for a response, you can finally take legal action by submitting a complaint to the court. Additionally, since a case for a bounced check is time-bound, the receiver of the cheque may not have any recourse if no action is taken against the defaulter by the receiver within the allotted period. Therefore, it's critical to deal with a case of a bounced check as quickly as possible to avoid all the associated repercussions.
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