What is the process after Cheque Bounce.

Question

Accepted Answer

After a cheque bounce, the process typically involves legal action, contacting the issuer, and potentially filing a case in court.

Contact the issuer of the bounced cheque to request payment.
If the issuer does not respond or refuses to pay, consider taking legal action.
Consult with a lawyer to understand the options available, such as sending a legal notice or filing a case in court.
Keep records of all communication and documentation related to the bounced cheque.
Consider alternative dispute resolution methods, such as mediation or arbitration, to resolve the issue outside of court.

Top HR questions asked in Shriram Finance Retainer Advocate