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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Section 143A Empowers Payment of Interim Compensation up to 20% of Cheque Amount in Section 138 Cases</h1> Section 143A of the Negotiable Instruments Act, 1881, introduced by the Negotiable Instruments (Amendment) Act, 2018, empowers courts to direct the drawer of a cheque to pay interim compensation to the complainant in certain cases under section 138. This compensation, not exceeding 20% of the cheque amount, must be paid within 60 days of the court order, extendable by 30 days. If the drawer is acquitted, the complainant must repay the compensation with interest within 60 days. The interim compensation can be recovered as a fine, and any fines or compensations imposed will be adjusted by the interim amount paid.
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