Received a bounced cheque? Here is what you can legally do within 15 days, including step-by-step legal action, and key comparisons to other countries. Imagine this: you have completed a job, provided a service, or sold goods, and in return,...

Introduction In India, if a cheque bounces, there is a strict legal process to follow, mainly governed by Section 138 of the Negotiable Instruments Act, 1881. It is important for anyone who’s been wronged (any aggrieved party) to stick to...

Introduction Cheques, despite the rapid advancements in digital payment systems, continue to hold a significant position in India’s real estate sector. These instruments are frequently utilized for substantial financial transactions, including earnest money deposits, down payments, and final installment payments...

Introduction When someone owes you money in India, whether you are an individual or a business, you essentially have two main legal paths to get it back. You can either go the ‘cheque bounce’ route, which is a criminal complaint...

Introduction  Cheque Bounce Cases in Rent Agreements – How Tenants and Landlords Can Protect Themselves: Learn the legal steps, preventive measures, and advice/ suggestions to handle cheque bounce issues in rental deals effectively. In India’s urban rental market, post-dated cheques...

Introduction  Cheque, a paper promise of payment, underpins countless transactions in India, symbolizing trust and financial commitment. Yet, its dishonour, particularly under Section 138 of the Negotiable Instruments Act, 1881 (NI Act), transforms a mere financial inconvenience into a potent...

Introduction  In commercial and personal finances, cheques are still a significant tool in transacting business, loan arrangements, and duty for breach of contract. One very classic instance is writing cheques, not for current payment, but for the function of “security”,...