Cheque Bounce Cases: Legal Angle
- Insufficient fund
- Closed account and
- Stop payment.
- Drawer- Person who writes or issued
the cheque i.e. the author of the cheque is known as a drawer.
- Payee- To whom the cheque is made in
favor is known as payee or the person who will get the written amount on
- Drawee- It refers to the bank where
the drawer has the account from which the cheque amount shall be paid.
- Payee - Refers to the bank where the payee has the bank account in which the cheque amount to be deposited or
where the cheque is to be deposited.