Cheque bounce intimation letter
This query is : Resolved
07 April 2026
Sir
Party issued cheque which was bounced due to 'insufficient fund'.
Does the person (drawee) intimate drawer by letter about the Bounce and if no reply then formal legal Notice to initiate legal proceeding u/s 138 be possible?
Then what is the time frame.
Regards
Abhijit
Party issued cheque which was bounced due to 'insufficient fund'.
Does the person (drawee) intimate drawer by letter about the Bounce and if no reply then formal legal Notice to initiate legal proceeding u/s 138 be possible?
Then what is the time frame.
Regards
Abhijit
07 April 2026
• Intimation letter → ❌ Optional
• Legal notice → ✅ Mandatory
• Timeline → 30 days + 15 days + 30 days
• Case possible → ✔ Yes, if timelines followed strictly
• Legal notice → ✅ Mandatory
• Timeline → 30 days + 15 days + 30 days
• Case possible → ✔ Yes, if timelines followed strictly
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