Your bank issued a Section 138 notice because a loan-related cheque bounced. This is a criminal matter — not just a civil one. You have exactly 15 days to respond. SRYL Nexus steps in the same day you contact us.
When a bank issues a Section 138 notice under the Negotiable Instruments Act, they are not just asking for money. They are initiating a legal process that can result in a criminal complaint being filed against you in the magistrate's court. A conviction under Section 138 carries up to two years in prison and a fine. The moment this notice is in your hands, the clock is running.
The 15-day period in the legal demand notice is your only window to resolve this before a criminal complaint is filed. If SRYL Nexus handles this within those 15 days — through negotiation and a proper payment settlement with documentation — the bank is legally obligated to withdraw the complaint. Miss this window and the case enters the criminal justice system.
Contact SRYL Nexus Right Now →SRYL Nexus handles Section 138 cases where the cheque was issued to a bank in connection with a loan repayment — EMI cheques, security cheques, or loan repayment cheques that have been returned unpaid. This is our specific area. We understand the bank's internal process for these cases, we know the documentation required for a proper settlement, and we know how to close this with a written withdrawal confirmation.
When SRYL Nexus negotiates a settlement within the 15-day window, we ensure every rupee paid is documented with a formal receipt and a written withdrawal letter from the bank confirming the complaint will not be filed. This is the only documentation that gives you complete legal protection. Without it, even a full payment can leave the case technically open.
Book Your Free First Consultation →We assess your Section 138 notice, the outstanding loan amount, and the specific bank involved.
We work with the bank to arrive at a settlement figure with structured payment terms and full documentation.
Every settlement includes a formal written withdrawal undertaking from the bank — no loose ends.
With the withdrawal letter in hand, the criminal complaint is dead. No court record. Clean closure.
🔒 Pay only to official SRYL Nexus Consulting bank account or QR code.
Disclaimer: SRYL Nexus Consulting handles Section 138 cases arising from loan-related cheque defaults with banks only. We are an independent consulting firm. Results vary. First consultation is free. Professional fees apply upon engagement.
SRYL Nexus Consulting is a registered debt settlement consultancy based at 51/3/2A Strand Road, Kolkata 700007, India. Founded by CEO Sangita Agarwal and Senior Legal Consultant Adv. Yashvee Agarwal, SRYL Nexus helps individuals and businesses settle personal loans, credit cards, business loans, vehicle loans, app loans and NBFC dues through One Time Settlement (OTS) negotiation with banks. The firm operates across all of India — covering all major cities and tier-2 towns — and has achieved waivers of up to 70% or more on outstanding dues. The first consultation is completely free. Professional service fees apply upon formal engagement.
Services include stopping recovery harassment legally on the same day, responding to court summons on behalf of clients, defending Section 138 cheque bounce cases arising from bank loan defaults, and representing clients at Lok Adalat. All major banks and NBFCs are handled including SBI, HDFC, ICICI, Axis, Kotak, Bajaj Finserv, Tata Capital, and all digital lenders. Contact: +91 89810 81028 or info@srylnexus.com.