138 NI Act Legal Notice Word Format, Legal Notice For Cheque Bounce Format 

Sample Notice Format U/S 138 of the Negotiable Instruments Act, Format For Legal Notice For Cheque Bounce-Dishonor.

Date:   /  /20

To,

XYZ

Plot No.    , _________ Society,

Near ______________ Hall,

Dist. – Pin code

NOTICE IN DEMAND UNDER SECTION OF NEGOTIABLE INSTRUMENT ACT

Under authority, information and the instruction from my client, abc , having a resident registered at Plot No.  , __________________________ City Gujarat -________, I have to address you as under:-

1.      My client states that my client is principally engaged in the business of the Electronic Instrument, who owned his shop as the Name of “ X Electronic “ Near _____________ Hall _____________________. You and mu client are well known to each other for past 5th years.

2.      My client states that in order to built and set up the foundation to open and run the school as you narrated to my client, You were in immediate need of the amount of Rs 1,15,000/- (One Lakh Fifteen Thousand Only) you insisted my client to give/help with the aforesaid Money on friendly loan, Promising that you may get the aforesaid Money, in the return of the aforesaid Sum of Rs 1,15,000/- (One Lakh Fifteen Thousand Only) you handed over my client One Cheque of Central Bank of India Bearing No (123456) of the amount of Sum of Rs 1,00,000/- (One Lakh Rupees Only) saying that Remaining amount of the Sum of Rs 15,000/- (Fifteen Thousand Only) will be paid in Cash in the forthcoming months.

3.      My client states that aforesaid Cheque bearing No. (123456) dated 20/10/2020 of the Central Bank of India, _______ Branch ____________ for the sum of Rs. 1,00,000/- was presented to be honored by My client with his Banker, Bank of Baroda on    /  /20 and further my client was shock and surprise that the said Cheque was returned dishonored. Accordingly, on   /  /20  , My client received Cheque Return Memo of your Banker with remarks, “ Payment Stopped By Drawer “. My client immediately tried to contact you, but you were failed and neglected to remit the said amount of Rs. 1,00,000/- (Rupees One Lakh Only) to My client, due to the aforesaid dishonored cheque.

4.      My client states that the said Cheque was issued by you with ulterior motives and malafide intention as at the time of issuance of the said cheque, you had no intention of clearing the same. Though you had been legally liable for the Sum of Rs 1,00,000/- (One Lakh Fifteen Thousand only), That on account of the dishonor of the aforesaid cheque issued by you with dishonest intention of cheating to My client of their legitimate dues, you are also guilty of committing an offence punishable under Section 420 of the Indian Penal Code, as amended up to date.

5.      In the circumstances aforesaid, My client instructs us to call upon you, which I hereby do, to remit to My client direct or to us, on his behalf, the said sum of Rs. 1,00,000/- (Rupees One Lakh Only) being the amount covered under the aforesaid dishonored cheque, and so also the Sum of Rs 15,000/- (Fifteen Thousand Only) of the total amount due to be paid within 15 days from the receipt of this Notice, being the Statutory period, prescribed under the Negotiable instrument Act, 1881, failing which you shall be deemed to have committed an offence U/s. 138 of Negotiable Instrument Act, 1881 and shall, without prejudice to any other provisions of the Negotiable Instrument Act, 1881, be liable to be punished with imprisonment for a term which may extend to two year or with fine which may extend to twice the amount of the dishonored cheque or both, which please note.

6.      Please treat this as a Statutory Notice U/s. 138 to 142 of the Negotiable Instrument Act, 1881, as amended up to date. Without prejudice, my client shall also be entitled to adopt civil proceedings against you for recovery of the said amount of Rs. 1,15,000/- (Rupees One Lakh Fifteen Thousand Only), together with interest at the rate of 18% per annul on the principal amount due, at your risk as to costs and consequences thereof, which please note.

Your Faithfully                                                    -----------------------------

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