Cheque bounce notice 138 NI Act

BY REGISTERED POST A.D. & SPEED POST
LEGAL DEMAND NOTICE UNDER SECTION 138 OF NEGOTIABLE INSTRUMENTS ACT, 1881

DATED: [DATE]

TO,
[NAME OF DRAWER / ACCUSED]
[FULL RESIDENTIAL / OFFICE ADDRESS]

UNDER INSTRUCTIONS from and on behalf of my client [COMPLAINANT FULL NAME], residing at [ADDRESS], I hereby serve upon you this Statutory Legal Notice under Section 138 of the Negotiable Instruments Act, 1881:

1. That toward discharge of your acknowledged and legally enforceable liability toward my client for [STATE TRANSACTION / GOODS SUPPLIED / LOAN], you issued Cheque No. [CHEQUE NUMBER] dated [DATE] for INR [AMOUNT]/- drawn on [BANK NAME, BRANCH].
2. That my client presented the said cheque for encashment through their banker [BANK NAME], but the said cheque was returned unpaid by your banker vide Return Memo dated [DATE] with remarks "FUNDS INSUFFICIENT" / "EXCEEDS ARRANGEMENT".
3. That my client received the said Cheque Return Memo on [DATE OF RECEIPT].
4. I therefore call upon you by this notice to pay the said sum of INR [AMOUNT]/- to my client within 15 (fifteen) clear days from the receipt hereof, failing which my client shall be constrained to institute criminal proceedings against you under Section 138 and Section 141 (if company) of the Negotiable Instruments Act, 1881, holding you liable for all punitive consequences and legal costs.

[ADVOCATE SIGNATURE & BAR ENROLMENT NO.]