Cheque is a document which contains financial worth; it enables a bank to pay the asked amount of money to somebody from the account of the account holder in that bank. Cases of cheque bounce in Noida are regular nowadays. In a large portion of the transactions be it re-payment of loan or payment of fees for business purpose, payments are made by cheque.
Cheque bounce is a criminal offense and as indicated by Indian law the punishment of imprisonment as long as 2 years or with money related penalty or with the both punishments is relevant for this offence. You can consult advocate for cheque bouncing matters in Noida, Greater Noida and Ghaziabad to talk about your concern with respect to dishonor of cheque. Disrespect of cheque occurs in following cases:
There are inadequate funds in the account that the cheque is drawn on.
A cheque is issued on an account, which had been shut for reasons other than being blacklisted under the Credit Bureau or shut for legal reasons.
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