Cheques are used by everyone in India as a means of transferring money easily. However, if you receive a cheque from a debtor that has been dishonored or bounced, if someone has issued a notice for a cheque bounce against you, or if you have been given a court summons for a 138 Negotiable Instruments Act (NIA) complaint against you, you need to hire a cheque bounce lawyer. Read this article to understand why cheque bouncing occurs and why you should hire a cheque bounce lawyer. The Negotiable Instruments Bill was passed and amended in 2018. It states that section 138 Cheque Bounce Act deals with the dishonor of cheques. It also states that it is a criminal offense. It stipulates that if the cheque is bounced, the drawer of the dishonored cheque has to pay twice the amount for compensation.
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