Legal Notice Format for Cheque Bounce under Section 138 NI Act
SPEED POST/ REGD.A.D.
SUB.: LEGAL NOTICE
To,
_____________
Dear Sir/Madam,
As per the information received from my client Mr. A( here referred to as my ‘client’), I do hereby serve upon you the Noticee, the following notice of demand under Section 138 of the Negotiable Instrument Act, 1881:
That my client knows you the Noticee, from the last ___ years and on that account you the Noticee had gained the faith and confidence of my client, that you the Noticee demanded a friendly loan of Rs.________ from my client in the month of ___. My client provided you the Noticee with the said amount.
That earlier, you the Noticee issued a cheque dated __th _________ for Rs. ________ drawn on ******, in order to discharge your partial liability. At the time of issuing the cheque, you assured my client that the same is good for value and will be honoured as and when presented.
That when the aforesaid cheque was presented, for encashment by my client to his banker the same was returned unpaid by the banker with the reason that there was “Insufficient Fund”. My client informed you the Noticee about it through the telephone/Email.
Despite various reminders, you the Noticee failed to make payment to my client. You tried to avoid the matter and started to ignore my client. Since my client is left with no other option but to present you the Noticee with the legal notice.
That you the Noticee have failed to comply with the provisions of the law and also failed to discharge your liability from your account and the same cheque was dishonoured intentionally and willfully.
That, either you the Noticee discharge your liability towards my client in next 15 days or criminal and civil charges will be framed against you the Noticee, and you can be punished for imprisonment which may extend to two years, or with fine which may extend to twice the amount of the cheque, or with both.
A copy of this Notice is kept in my office for record and further necessary action and you the Noticee are also advised to keep the copy safe as you the Noticee would be asked to produce in the court.
(NAME)
ADVOCATE
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