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of <h1>Cheque Bounce Offense Under Section 138: Up to 2 Years Jail or Double Fine for Insufficient Funds.</h1> Section 138 of the Negotiable Instruments Act, 1881, addresses the dishonor of cheques due to insufficient funds or exceeding arranged limits in the account. If a cheque is returned unpaid, the drawer is deemed to have committed an offense, punishable by up to two years of imprisonment or a fine up to twice the cheque amount, or both. The section applies if the cheque is presented within six months, the payee demands payment within thirty days of being informed of the dishonor, and the drawer fails to pay within fifteen days of receiving notice. 'Debt or other liability' refers to a legally enforceable obligation.
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