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Cheque Bounce Cases, no Court shall impose Cost on Parties if they settle at early stages of Trial

Legal Aspect of Cheque Bounce

  •  Section 138 of Negotiable Instrument Act,1881 is applicable for cases pertaining to Cheque Bounce.
  •  As per section 138, dishonor of cheque is a criminal offence.
  • There may be imprisonment up to 2 years or monetary penalty (can be double the amount of cheque) or both.
  •  Bank can also stop the cheque book facility and close the account as per RBI Guidelines.

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