A bounced cheque is a recoverable debt and a criminal matter under Section 138 of the Negotiable Instruments Act — but only if the deadlines are met. We send the statutory demand notice within 30 days, file and pursue the complaint, and equally defend those wrongly prosecuted, before the courts of Hyderabad.
In simple terms: we handle legal fights about loans — banks recovering from defaulters, borrowers defending their property from seizure, and businesses recovering bounced cheques.
What Cheque Bounce work covers
SARFAESI Matters — Cases where a bank seizes mortgaged property over a loan default — acting for banks enforcing or borrowers challenging.
DRT Proceedings — Loan recovery cases before the Debts Recovery Tribunal, for lenders and borrowers.
Recovery Proceedings — End-to-end legal recovery of secured and unsecured debts through every available forum.
Loan Documentation — Drafting and vetting loan, security and guarantee documents so they hold up when tested.
Security Enforcement — Enforcing mortgages, pledges and guarantees when a borrower defaults.
Debt Restructuring — Negotiating revised repayment terms, settlements and one-time settlements with lenders.
Recovery Suits — Civil suits to recover business and personal dues with interest.
Cheque Bounce Cases — Criminal prosecution under Section 138 NI Act when a cheque issued to you is dishonoured — and defence when accused.
Corporate Debt Recovery — Recovering large trade and inter-corporate dues through demand, negotiation and litigation.
MSME Recovery Claims — Fast-track statutory recovery for MSME suppliers under the MSMED Act.
Frequently asked questions
Can I stop a bank from taking my property under SARFAESI?
Yes, in defined circumstances. SARFAESI action can be challenged before the DRT under Section 17 — for procedural violations, wrong classification as NPA, or disputes on the amount claimed. Timelines are short, so act on the first notice.
What happens in a cheque bounce case?
A demand notice must be sent within 30 days of the cheque being dishonoured. If payment is not made within 15 days of receiving the notice, a criminal complaint under Section 138 NI Act can be filed — punishable with up to two years imprisonment or twice the cheque amount as fine.