138 ni act

adit (Querist) 06 June 2025 This query is : Resolved
CHEQUE BOUNCED WITH RETURN MEMO ADVICE NOT RECEIVED,CAN ANYONE PROVIDE LAW ,JUDGMENTS ,RULINGS OR ANY RBI GUIDELINE ON THIS FOR THIS MEMO WILL BE CONSIDERED IN 138 NI ACT OR NO

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T. Kalaiselvan, Advocate (Expert) 07 June 2025
If the Bank has returned the cheque without honouring it for the reason that advice not received then also it attracts the cheque bounce offence.

Advocate Bhartesh goyal (Expert) 07 June 2025
Cheque returns due to any reason comes under purview of sec 138 of N.I.Act.

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