Cheque Bounce Notice — Section 138 — Meghalaya
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Cheque Bounce Notice — Section 138
LEGAL NOTICE — Cheque Bounce (Section 138 NI Act)
Date: ________
From: ________, ________
To: ________, ________
Subject: Legal Notice for Dishonour of Cheque No. ________
Dear Mr./Ms. ________,
Your cheque bearing No. ________, dated ________, for ₹________ (________ rupees only), drawn on ________, was issued towards discharge of a legally enforceable debt/liability, namely ________.
The said cheque has been dishonoured/returned unpaid on ________ with the remark "________".
As per Section 138 of the Negotiable Instruments Act, 1881, dishonour of a cheque issued for the discharge of a legally enforceable debt or liability is a punishable offence with imprisonment up to 2 years and/or fine up to twice the cheque amount.
You are hereby called upon to make payment of the full amount of ₹________ (________ rupees only) within 15 days of receipt of this notice.
Failure to make payment within the stipulated period of 15 days shall result in filing of a criminal complaint under Section 138 of the Negotiable Instruments Act, 1881 before the competent court.
________
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