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Cheque Bounce Cases in India: Legal Procedures and Insights
Cheque bounce cases in India create serious troubles for both parties and businesses. Whenever a cheque is dishonoured for a mala fide reason of insufficient funds or some other reason, it usually causes further legal procedural problems. This, in turn, adversely affects the banks, institutions, and people involved in the abnormal cheque-dealing scenario, who may then need a legal helping hand. The article will outline the legal procedure for cheque bounce cases in India, the bank legal adviser's role, and how to narrow down and get a good cheque bounce case advocate close to you. Once you have read this article, you will know the issue and process from now on.
What is a Cheque Bounce?
Cheque bounce refers to a situation where the bank refuses to accept the cheque for one of the reasons given below, and both issuers and payees need to agree on what they are.
● Insufficient Funds: There is…