SHORT ANSWER:
It typically takes 6 months to 2 years to resolve a cheque bounce case in India.
DETAILS:
- The time frame can vary based on the complexity of the case and the court's schedule.
- Under the Negotiable Instruments Act, 1881, the case must be filed within 30 days of receiving the notice of dishonor.
PUNISHMENT / IMPLICATIONS (if applicable):
- The drawer of the cheque may face a fine which can be twice the amount of the cheque or imprisonment up to 2 years, or both.
SOURCE:
- Negotiable Instruments Act, 1881
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