LEGAL NOTICE - DISHONOR OF CHEQUE (SEC 138)
- ✔ Mandatory first step for initiating criminal action for cheque bounce
- ✔ Exerts strong legal pressure on the defaulter to settle the dues
- ✔ Establishes a clear paper trail for court proceedings under Section 138
- ✔ Provides a 15-day window for the debtor to pay before being sued
- ✔ Increases the chances of out-of-court recovery of the debt
- ✔ Clearly outlines the financial penalties and potential imprisonment risks
- ✔ Demonstrates serious legal intent to recover the outstanding amount
We Are Recognised On
We Are Recognised On
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