Question Answer Details
What is the penalty for a cheque bounce case under S138 of Negotiable Instruments Act?
Answered:
4 months ago
Category:
Cheque Bounce
The penalty for a dishonour of cheque case under Section 138 of N.I. Act is:
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Imprisonment upto 2 years; or
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Fine upto twice the amount of cheque value; or
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Both fine and imprisonment.
It is pertinent that you consult the top cheque bounce advocates in India to escape the punishment.
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