What To Do When Someone's Cheque Bounces?

So, you got a cheque and even though it is super inconvenient, you made a trip to the Bank or an ATM vestibule and dropped/deposited your cheque. YAY!!! 

Now, you're waiting with bated breath for the money to get credited in your account. [Let's admit it, we all love it when more money gets added to our bank balance] 

But lo and behold, you find out that the cheque was dishonoured [commonly referred to as 'Cheque Bouncing']. :(( [Boo-hoo=hoo]

So, what do you do now? 

Well, it's pretty simple

1) NOTICE: Send a notice - in writing - to the person whose cheque has been dishonoured. Inform him/her that their cheque has bounced and ask them to make the payment within 15 days of the receipt of notice. 

Remember: Its 15 days from the date of receipt of notice

2) If you receive the money -- Well and good. Smile at your increased liquidity :D

3) If you don't receive the money -- File a case as per Section 138 of The Negotiable Instruments Act, 1881.  

Punishment: 

(a) Imprisonment for a term which may extend to two (02) years OR 

(b) with fine which may extent to twice the amount of the cheque OR

(c) with BOTH