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HC dismisses revision petition challenging interim compensation order under Section 143A of NI Act. The court found no merit in petitioner's claims of coercion in signing settlement deed and held that post-dated cheques could have been withheld. The power under Section 143A is directory, not mandatory, and the lower courts provided reasoned orders considering relevant factors. The petitioner's defense was deemed prima facie implausible, and the interim compensation order was upheld without interference.
HC dismisses revision petition challenging interim compensation order under Section 143A of NI Act. The court found no merit in petitioner's claims of coercion in signing settlement deed and held that post-dated cheques could have been withheld. The power under Section 143A is directory, not mandatory, and the lower courts provided reasoned orders considering relevant factors. The petitioner's defense was deemed prima facie implausible, and the interim compensation order was upheld without interference.
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