Notice of Dishonoured Cheque
BY REGISTERED AD POST

Date

Name
Address

Dear (Name):

Please be advised that your cheque dated ___ in the amount of Rs___ and made payable to ___ has been dishonored by your bank (specify bank name, address, and branch__). We have learned that there are insufficient funds in account___ to honor this check (copy of letter, advice memo or notice received enclosed).

Accordingly, it is hereby demanded that you immediately replace this cheque with cash or a cheque in the amount of Rs___, within 10 days of the receipt of this letter.

In the event we do not receive payment in full of said funds by (specify date), legal proceedings shall be immediately commenced to enforce our rights, and we reserve the right to take other legal steps, for civil or criminal action as may be advisedFurther, we also reserve our option of initiating appropriate criminal proceeding under sections 415, 417, 418 & 420 of the Indian Penal Code 1860, which incorporates rigorous punitive/penal action. On your failure to make the above payment within the said period we will be entitled to interest at the rate of ____% per annum till the payment is received or recovered as the case may be.

We are issuing this letter as required under section 138 of the Negtiable Instrument Act, 1881 for dishonour of the cheque.

Hopefully this can be avoided, and we thank you for your immediate attention and assistance in this matter.

Finally, please be advised that upon receipt of the above amount, we will return the dishonored check to you.

  Very truly yours,
  Officer's or Your Name
  Name of Business

 

ABSOLUTELY NO WARRANTIES ARE MADE REGARDING THE SUITABILITY OF THESE FORMS FOR ANY PARTICULAR PURPOSE. IT IS ADVISABLE THAT IMPORTANT DOCUMENTATIONS ARE PREPARED OR VETTED BY EXPERT. LEGAL ADVICE OF ANY NATURE SHOULD BE SOUGHT FROM COMPETENT, INDEPENDENT, LEGAL EXPERT IN THE RELEVANT JURISDICTION.
 
APPOINT CHAMBER PRACTICE EMAIL POST YOUR QUERY APPOINT AS RETAINER HOME