What to do when a check bounces (Part 1)

 

What to do when a check bounces (Part 1)

What to do when a check bounces

Most of the time you like to deal with checks from your relatives, friends and business people. The problem is when the check bounces and then you don't know your rights and you lose then let's see what we can do when the check bounces and your  blog from Legal Twits

When your check bounces, you can deposit the check (Self and account) in the check bank again. However, if the check bounces, you can file a claim against the person giving the check in 3 ways.

The first type of it is 

1- Negotial Instrument Act 1881

 Under Section 138 of the Act, you can send a Demand Notice to the other party through your lawyer within 30 days. Within 15 days, he is obliged to pay you. You can also claim the cost of the notice. You can file 

You have the necessary documents for that

1 Your check (bounced check)

Slip taken while depositing

2 checks in the bank

3 Check Bouncing Slip (with bank stamp and signature)

4 Demand notices 

5 Postal Sleep 

6 Whether the match party received notice or not and if not, what was the reason for the telegram 

7 A copy of the notice sent by the plaintiff was received

8 A copy of the agreement between the plaintiff and the defendant

The claim requires and other evidence has to be given and evidence by the affidavit has to be given 

It carries a penalty of 2 years imprisonment and a fine of double the amount of the check