Best Advocate for Cheque Bounce Litigation

• November 21, 2023
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A cheque is a financial instrument that plays a crucial role in the business and financial world. It is a form of bill of exchange, and is drawn upon a specified banker, and is payable only on demand by the applicant. In legal terms, the individual or organisation issuing the cheque is known as the ‘drawer’, and the individual or organisation in whose favour the cheque has been issued is known as the ‘drawee’. A cheque is said to be bounced or dishonoured when an unpaid cheque is returned by the bank. This can occur due to various reasons, such as insufficiency of funds in the account of the ‘drawer’, a mismatch of signatures, overwriting on the cheque, or if there is a doubt of fraud or forgery. When a cheque is bounced, the bank issues a ‘Cheque Return Memo’ to the payee mentioning the reason for non-payment. This memo is an important document as it is proof that the cheque has been dishonoured.

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