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SHORT ANSWER: The punishment for cheque bounce in India can include imprisonment and/or a fine. DETAILS: - Under Section 138 of the Negotiable Instruments Act, 1881, if a cheque is returned due to insufficient funds or if it exceeds the amount arranged to be paid, the drawer can be prosecuted. - The drawer can face imprisonment for up to two years or a fine which may extend to twice the amount of the cheque or both. PUNISHMENT / IMPLICATIONS (if applicable): - Imprisonment for up to two years. - Fine up to twice the amount of the cheque. SOURCE: - Negotiable Instruments Act, 1881
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