Sending a notice after a cheque has bounced.
Punishing the Issuer of the Cheque
Send a demand notice
If a cheque that you’ve received as payment has bounced, you must first send a notice to the issuer of the cheque to pay the amount that was due, along with the cheque return memo that you have received from the bank. This is known as demand notice. This demand notice must be sent within 30 days of the cheque bouncing.
Drawer has to pay
The drawer will have 15 days from the date of receiving the notice to pay you the money.
Filing a Case
Drawer replies and pays the money
In such a situation, then there is no need to file a case, as you have received the money.
Drawer replies but does not pay the money
Where the drawer replies but does not pay the money, then upon the completion 15 day period, you have 30 days to file a criminal complaint in court.
Drawer does not reply, does not pay the money
Where the drawer does not reply and does not pay the money, then upon the completion 15 day period, you have 30 days to file a criminal complaint in court.
Recovering the Money
Once your cheque has bounced, you have 3 years to file a civil case to recover the money that is due to you. Please contact a legal professional to know more about the civil procedure.0