Banking, Recovery and Cheque Bounce

A dishonoured cheque gives a creditor one of the fastest routes to payment in Indian law, but only if the notice and complaint are made within strict time limits. We run these cases for creditors, and defend those who receive notices.

For borrowers facing SARFAESI action and lenders seeking recovery, we act before the Debts Recovery Tribunals and the courts.

What we handle

• Cheque bounce Section 138 complaints and defence: notice within 30 days of the return memo, complaint within one month after the 15-day period ends.
• Interim compensation Up to 20% of the cheque amount under Section 143A; deposit on appeal under Section 148.
• Recovery suits Summary suits under Order XXXVII and commercial suits.
• SARFAESI Replies to Section 13(2) notices and appeals to the Debts Recovery Tribunal under Section 17.
• Bank disputes Wrong debits, frozen accounts and loan disputes.

Questions clients ask

Is cheque bounce a criminal case?

Yes. It is an offence under Section 138, punishable with imprisonment up to two years, a fine up to twice the cheque amount, or both.

Can a cheque bounce case be settled?

Yes, at any stage; the offence is compoundable and courts encourage settlement.