Banking, Recovery & Cheque Bounce
Cheque dishonour under Section 138 of the NI Act, recovery suits and banking disputes.
Recovering what is rightfully yours.
Unpaid dues and dishonoured cheques can strain any business or household. We act for creditors and debtors alike — issuing statutory notices, prosecuting and defending cheque dishonour complaints, and pursuing or contesting recovery proceedings.
We also advise borrowers and guarantors on banking disputes, including loan recovery actions and proceedings under the SARFAESI Act.
Scope of Practice
Cheque Dishonour (Section 138)
Statutory notices, complaints and defence in cheque bounce cases under the Negotiable Instruments Act, 1881.
Legal Notices for Recovery
Well-drafted demand notices that set out your claim and preserve your legal position.
Recovery Suits
Summary and ordinary suits for recovery of money, with interest and costs.
Banking & Loan Disputes
Disputes with banks and financial institutions over loans, accounts and charges.
SARFAESI & DRT Matters
Representation of borrowers and guarantors in SARFAESI actions and before Debt Recovery Tribunals.
Settlement & Compounding
Negotiated settlements and compounding of cheque bounce cases where appropriate.
Courts & Forums
Magistrate Courts, Civil Courts, Debt Recovery Tribunals and the Punjab & Haryana High Court.
Adv. Hooda
Senior Partner — Leads the firm’s litigation and advisory practice from its Chandigarh chambers.
Read the full profileBanking, Recovery & Cheque Bounce: FAQs
What is the time limit to send a notice after a cheque bounces?
The payee must send a written demand notice within 30 days of receiving information from the bank about the dishonour. The drawer then has 15 days from receiving the notice to make payment.
What is the punishment for cheque bounce?
Under Section 138 of the Negotiable Instruments Act, 1881, the court may impose imprisonment of up to two years, a fine of up to twice the cheque amount, or both. The offence is compoundable, so the parties can settle.
Where is a cheque bounce complaint filed?
Generally in the court having jurisdiction over the bank branch where the payee maintains the account through which the cheque was presented. We confirm the correct court and timelines for your case.
Related Practice Areas
Discuss Your Case
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Office Information
- AddressFlat No. 40-A, Army Complex,
Sector 44, Chandigarh, India
Get directions - Mobile / WhatsApp+91 90239 55555
Chat on WhatsApp - Office hours
Open nowMon – Sat 9:00 AM – 5:00 PM Sun Closed
Consultations by prior appointment are recommended.
“Timely notices and the right forum make all the difference in recovery.”