Top 10 Legit Reasons For Cheque Bounce In India
In India, cheque bounce is common despite precautions. Top reasons include insufficient funds, closed accounts, post-dated cheques, stale cheques, and mismatched signatures. Other causes are crossed cheques, altered cheques, frozen accounts, payment stoppage, and "Refer to Drawer" cases. Legal remedies under Section 138 of the Negotiable Instruments Act include cheque presentation, demand notices, compliance failure consequences, and filing complaints. Seek legal guidance, like from M&M Law Partners, for resolution and protection against future issues.