Cheque Bounce in India: Full Guide on Penalties & Legal Process
Cheque Bounce in India: Meaning, Charges, Legal Consequences & In-Depth Guide 1. Detailed Meaning of Cheque Bounce A cheque bounce occurs when a bank refuses to honour a cheque due to reasons like insufficient funds, signature mismatch, or account closure. Governed by Section 138 of the Negotiable Instruments Act, 1881, it is both a civil wrong and a […]
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