📖 Shri Ganpati Jurists Learning & Awareness – Understanding Cheque Bounce Cases 📖
💡 When Does Cause of Action Arise Under Section 138 NI Act?
✔ Cheque Dishonour is NOT the Cause of Action – The offence under Section 138 of the Negotiable Instruments Act, 1881 does not arise merely when a cheque is dishonoured.
✔ Legal Requirement – A demand notice must be sent to the drawer within 30 days of dishonour.
✔ Cause of Action – If the drawer fails to pay the amount within 15 days from receiving the notice, only then does the offence arise.
✔ Legal Action – After 15 days, the payee can file a complaint within 30 days before the Magistrate.
✅ A cheque bounce case isn’t immediate—legal steps must be followed!
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