WHAT HAPPENS WHEN CHEQUE BOUNCES IN INDIA?
Every cheque bounce situation in India results in series of complaints and subsequent filing of criminal cases/civil recovery suits against the drawer of the bounced cheques. Cheque Bounce Advisor through its vast experience and team of skilled professionals, delivers with best resolution in speedy recovery of the payment of every bounced cheque, across India.
CAN WE DEPOSIT BOUNCED CHEQUE AGAIN?
YES, a bounced cheque due to shortage funds can be deposited again as many as possible number of times within the period of three months of its issuance date. However every such bouncing attracts penal charges by the bank. Moreover cheque bounced with other reasons like Damaged Cheque, Payment Stopped or Account closed are not to be represented after first dishonour as bank may refuse to accept them. Cheque Bounce Expert (CBA) is a multi-task firm with single window platform providing expert professional guidance in all kinds of cheque bounce situations.
There is no restriction regarding the number of times a cheque can be presented and that every subsequent representation and dishonor gives rise to fresh cause of action for filing complaint. The holder of cheque can approach Cheque Bounce Advisor (CBA) Team even after a single incident of cheque bounce and seek expert services for faster and smooth recovery process.
CAN I FILE POLICE COMPLAINT FOR CHEQUE BOUNCE? OR CAN FIR BE LODGED FOR CHEQUE BOUNCE?
Yes, we at Cheque Bounce Advisor assist in filing a criminal complaint for cheating and breach of trust against the drawer of the cheque with concerned Police Station. Thereafter, if the complaint discloses occurrence of serious cognizable offences, an FIR u/s 154 Cr.P.C is registered against the accused persons under relevant sections of Indian penal Code subsequently leading to detailed investigation. Cheque Bounce Advisor (CBA) is single window platform providing expert professional guidance in all kinds of cheque bounce situations.
HOW TO SETTLE CHEQUE BOUNCE CASE?
The law allows for settlement in every cheque bounce case between the parties at its initial stages. Cheque Bounce Advisor Team facilitates for arriving at a reasonable settlement in cheque bounce cases, before or out of Court. This is done through a legal concept called compounding of offences. In this process, the payee/holder of the cheque agrees to not file or agrees to withdraw his pending court case in exchange for some monetary compensation.
