Cheque bounce cases generally can be stated as a slang which is used for a specific type of cheque that cannot be processed because of insufficient funds in a particular account of an account holder. If a person is not able to provide essential funds to keep their accounts activated by the bank authorities, they will automatically deactivate all your cheques or debit/credit cards. This is one of the significant issues that an account holder may face in poor condition.
In Hyderabad, one of the digital hubs in India is facing numerous cases of cheque bounce. Being a well growing digital hub as well as industrial sector, Hyderabad is also taking its share in numerous types of funding activities under the observation of banks and similar fund providing organization. Therefore, the cases of cheque bounce are also becoming a major issue.People are leading to the courts and legal lawyers so that a conclusion can be made in this prospect. Top cheque bounced lawyer in Hyderabad is available in an adequate number. But there are some essential methodologies that have to be considered prominently.
Events of cheque bounce in Hyderabad:
In some certain cases cheque bounce which primarily comes under the section 138 known as negotiable instruments activity; it is not completely a criminal offence but surely an illegal activity. In some specific cheque bounce cases, you will be required a banking lawyer in Hyderabad who will help you in serving the legal sermon/notice to the opposite party. They are one of the most problem making issues which should bring among the consideration of a lawyer so that your issues can be rectified legally.
Essential procedure of cheque bounce:
These types of cases require huge efforts to get a clear check from the supreme authorities. Lawyers or clients both of the parties have to suffer from various fluctuations throughout the process. The whole criteria of cheque bounce case are mentioned below:
- In some certain events of cheque bounce, the first thing you are required to do is to send a notice to the opposite party within the time duration of about 30 days from the date of receiving bounced cheque notification from the bank.
- The notice you sent to the bank or financial organization regarding your cheque bounce incident must claim the exact amount of money for which bankers would have bounced your cheque. The time period of 15 days is provided to settle the matter adequately.
- After the expiration of given time duration, the candidate can file a case to the court within the time period of 30 days right from the date of expired given time duration.
Therefore, best cheque bounce attorney in Hyderabad are available that can help you in numerous legal matters of cheque bounce cases. These cases of bounced cheque are a severe matter where a person has to consider properly paying huge attention on the basis of lawyer’s guidelines.