Penalty wording under section 159 amended to replace open-ended language with an express maximum cap on continuing default. Section 159 is amended by replacing the words 'which may extend to' with 'of' and inserting 'subject to a maximum of five lakh rupees' after 'default continues'. The amendment revises the penalty wording in the provision and introduces an express cap on the amount applicable to continuing default.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Penalty wording under section 159 amended to replace open-ended language with an express maximum cap on continuing default.
Section 159 is amended by replacing the words "which may extend to" with "of" and inserting "subject to a maximum of five lakh rupees" after "default continues". The amendment revises the penalty wording in the provision and introduces an express cap on the amount applicable to continuing default.
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